Industrials Reit reports impressive rental growth

Industrials Reit reports impressive rental growth

2021-12-03 08:53:00 PM

Industrials Reit reports impressive rental growth

The specialist UK-focused multi-let group has been selling off assets in mainland Europe to focus on the UK

Karl GernetzkyIndustrials Reit, formerly Stenprop, says it seen four-consecutive quarters of rental uplift above 20% on renewal or new letting, underscoring how multi-let industrial (MLI) assets are benefiting from the growing importance of ecommerce.

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Industrial, which has been selling off assets in mainland Europe to focus on the UK, said profit from continuing operations surged 268% to £42.6m (R906.1m) in its six months to end-September, when net rental income grew 45.2% to £15.1m...BPremium

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