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UK-focused Industrials Reit says it is still benefiting from constrained supply of multi-let industrial (MLI) estates, with the three months to end-March marking its sixth successive quarter of rental uplift above 20% on renewal or new letting.

With Industrials inking multiyear rental agreements that often do not include yearly increases, this represents an increase of about 5% on an annual basis, CEO Paul Arenson told Business Day, with no signs of demand letting up as the UK property market braces for rising interest rates to combat surging inflation...

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