Stenprop has reported a 6.8% increase in the value of its portfolio to £654.5m between March and the end of September.
The firm, which is refocusing its portfolio on multilet industrial assets in the UK, said in its latest half-year results it had now sold most of its non-multilet industrial assets in the UK and had decided to speed up the sale of its German assets given the strong valuations in the country.
However, it warned that due to the significant fall in investment volumes in the UK market that this could mean it could hold large cash balances while waiting for opportunities to acquire suitable multi let industrial assets, which in turn would result in a temporary period of reduced earnings.
