Industrials Reit’s rental uplift streak continues in its third quarter
The three months to end-December marked the fifth-consecutive quarter the group grew uplifts in rent more than 20% at lease expiry or renewal
28 January 2022 - 11:34
Industrials Reit, formerly Stenprop, says it has now seen five-consecutive quarters of rental uplift above 20% on renewal or new letting, continuing to benefit from strong demand and constrained supply of multi-let industrial (MLI) assets in the UK.
Rent on leasing renewals rose an average of 21% in the three months to end-December, the group said in an update on Friday, however occupancy decreased to 93.8%, from 93.9% previously. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.