Stenprop to accelerate sale of German assets
The company was previously wary of holding onto cash as it transitions to a UK-focused, multi-let industrial property play
22 November 2019 - 09:29
UK-focused industrial landlord Stenprop said on Friday that strong valuations in Germany had resulted in a decision to accelerate the sale of assets in that country as it focuses on UK-based, multi-let industrial (MLI) assets.
The company, which is seeking to become a specialist UK-focused group that provides work spaces for small and medium businesses, was previously avoiding holding on to cash, but would now accelerate the sale of its non-MLI assets...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now