Stenprop’s goal of focusing its portfolio entirely on multilet industrial assets has come closer after the company signed a trio of acquisitions.
Following the announcement of retail disposals in Germany, the company has revealed details of its latest purchases.
They include picking up a 13-unit estate in Wentloog, Cardiff, for £6.25m, reflecting a net initial yield of 6.3%, let to companies including FedEx and National Grid; the R6 Industrial Estate in Newbridge for £3.9m, on a NIY of 6.4%; and Otterwood Square in Wigan for £1.67m, a NIY of 6.6%.
