Stenprop confident about dividend as it reports Covid-19 multi-let assets boost
Rent collection was strong and occupancy levels rose in estates catering to multiple tenants, Stenprop said
04 December 2020 - 11:42
Landlord Stenprop, which is selling off assets in mainland Europe as it fully commits to UK multi-let industrial (MLI) estates, says this strategy has paid off amid Covid-19, with rent from these assets rising almost a fifth in its half year to end-September.
MLI assets refer to estates with multiple tenants, with Stenprop betting on these even as the UK property market experiences severe pressure from Brexit uncertainty, and now the Covid-19 pandemic...
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