22nd Sep 2020 11:56
Stenprop Ltd - London-based real estate investment trust - Acquires two multi-let industrial properties, one in Glasgow and one in Stoke-on-Trent, for a total of GBP11.1 million. The Excelsior industrial estate in Glasgow was acquired for GBP5.2 million from CBRE GI. Tunstall Trade Park, just outside Stoke-on-Trent, was bought for GBP5.9 million from Clowes Developments and is a property of eight units totalling 56,500 square feet. Stenprop has made five acquisitions totalling over 470,000 square feet of multi-let industrial properties since the start of the coronavirus pandemic for a combined value of USD40 million.
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By Greg Roxburgh; [email protected]
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