Stenprop, a UK real estate investment trust (Reit) that focuses on multilet industrial parks, said on Tuesday it has managed to reduce the cost of its debt significantly.

The company, which is led by CEO Paul Arenson, serves as a rand hedge for SA investors and is hoping to become 100% invested in multilet industrial properties by 2022.  ..

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now