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UK-based multi-let industrial (MLI), listed property company Industrials REIT (formerly Stenprop), has acquired Beacon Business Park in Caldicot and three units at Belmont Industrial Estate in Durham for £17.01m. This forms part of its goal of making its portfolio exclusively industrial by March.

The acquisition reflects a blended net initial yield of 5.8%, an average capital value of £98 per square foot...

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