5th Nov 2021 11:07
Industrials REIT Ltd - real estate investment trust focused on multi-let industrial properties - Acquires three multi-let industrial assets for GBP18 million, a blended net initial yield of 7.1%. All located in the UK, one property is in Birkenhead, another in Stockton on Tees and one in Coatbridge. "Industrials REIT's MLI portfolio now accounts for 92% of total assets. Reflecting its deal origination and execution capabilities, the company has now acquired 10 estates for GBP55 million since April 1, 2021," company adds.
Current stock price in London: 190.00 pence
Year-to-date change: up 40%
Current stock price in Johannesburg: ZAR39.75
Year-to-date change: up 10% since closing at ZAR36.05 on September 23
By Eric Cunha; [email protected]
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