UK-based Industrials Reit, which owns multi-let industrial (MLI) assets providing workspaces for small- and medium-sized businesses, says the first quarter of 2023 kicked off on a positive note with a strong pipeline of leasing activity.

For the ninth successive quarter Industrials Reit recorded more than 20% average rental increases driven by unlocking reversionary potential within the portfolio, the company said in the third-quarter trading update for the 2023 financial year...

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