Stenprop, the UK multi-let industrial property investor, has acquired an industrial estate in Bridgwater, Somerset, in an off-market deal from a private investor for £4.8 million, which reflects a net reversionary yield of 6.9%.

Stenprop Limited today announced its interim results for the six months ended 30 September 2017, a period in which it has made significant progress on its objective of establishing itself as a leading player in the UK multi-let industrial strategy.

Stenprop Limited, listed on the JSE’s Main Board and the Bermuda Stock Exchange, announced today that it reached agreement to acquire a portfolio of multi-let industrial (MLI) properties as well as the management business that has built up and managed that portfolio, C2 Capital Limited, for a combined consideration that values the two businesses at £130.5 million.

Most Popular

Alexander Swart Property Group: Cape Town’s Residential Property Values still the best in SA

May 25, 2019
 BBA 1
A survey recently carried out by the respected property analysts, Lightstone, has…

Dipula Holding steady in tough trading conditions

May 22, 2019
 IZAK PETERSEN
JSE diversified REIT, Dipula Income Fund (Dipula), today announced steady interim results…

Lucid launches SA’s newest hotel brand Home* Suite Hotels

May 22, 2019
 BEDROOM
Lucid Ventures, the R350M Cape Town based Hotel Fund, this week announced the launch of…

Lifestyle brand to open in Cape Town’s vibrant Longkloof precinct

May 30, 2019
 CANOPY FINAL
Hilton today announced the signing of a management agreement with Growthpoint Properties,…

Tradehold shows resilience in demanding markets

May 24, 2019
 FRIEDRICH ESTERHUYSE
In the year to February, 2019 Tradehold, with property interests split between southern…

Please publish modules in offcanvas position.