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Industrials Reit, formerly Stenprop, has acquired four additional multi-let industrial (MLI) estates in the UK for £20.86m, looking to take advantage of record low vacancies and strong demand.

The acquisitions bring the group’s MLI portfolio to 105 estates, with the four assets, in Boston, Barnsley, Leeds and Stockton on Tees, growing the group’s footprint by about 3.6%, to more than 660,000m2...

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