Stenprop boosts UK portfolio with industrial properties

Stenprop is set to grow its UK-based portfolio by about a third, following an agreement to acquire a portfolio of multi-let industrial properties as well as the portfolio’s manager, C2 Capital, for a combined consideration of £130.5m. Before the transaction, Stenprop’s portfolio was worth about €900m. Stenprop owns assets in the UK, Germany and Switzerland. The C2 Capital portfolio, which operates under the brand, industrials.co.uk, comprised 25 industrial estates located across the UK totalling a gross leasable area of about 200,000m² and a diversified base of more than 400 tenants.

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