Stenprop acquires industrial estate in the UK for R409m
The acquisition of the multi-let industrial estate in Norwich comes as the group seeks to shift its portfolio to these types of assets
22 July 2020 - 09:21
Industrial landlord Stenprop said on Wednesday it has completed the purchase of the Bowthorpe Park Industrial Estate in Norwich, UK, for £19.6m (R409m).
The company, which is seeking to become a specialist UK-focused group that provides work spaces for small and medium-sized businesses, said as a result of the acquisition the share of multi-let assets in its portfolio had risen to 60%, from 58%...
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