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Stenprop has sold its Guernsey office building to ARC Global for £55m, taking it a step closer to its 100% multi-let industrial target.
The sale of the 114,000 sq ft Trafalgar Court, in St Peter Port, has shifted Stenprop’s portfolio from 83% MLI to 92%.
The buyer is a wholly owned subsidiary of US-based REIT Global Net Lease.
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