Industrials REIT Ltd (LON:MLI)

Real Estate

Industrials REIT Ltd or Stenprop Limited is a UK-based Real Estate Investment trust that is engaged in investing across the diversified portfolio of UK’s Multi-Let Industrial (MLI) properties and aims to become the leading MLI business in the UK. The company is engaged in acquiring MLI assets located within or close to dense urban conurbations that can grow rents over time and retain MLI assets for the long term, then sells to recycle non-MLI assets, reinvest and deleverage   It is listed on the London Stock Exchange as LON: MLI and its secondary listing is on the Johannesburg Stock Exchange as JSE: MLI. It invests across UK, Germany and Switzerland in Industrial, retail, office and Nursing Homes properties.

In 2017, the company acquired the, which was fully integrating leasing, property management, legal and reporting systems, reducing the time and cost of undertaking day to day asset management process, its portfolio consisted of 25 MLI properties together with the C2 Capital management team and platform. Through platform the company is revolutionizing the MLI space to deliver best customer experience and income.

The company aims to invest in diversified portfolio of MLI properties to deliver sustainable and growing income to its shareholders and aims to become a 100% focused UK MLI business by March 2022. The competitive advantage with the company to invest in MLI properties are the imbalance between the supply and demand, ability to generate high yield, over the last 20 years industrial sector has outperformed and there are future opportunities with the MLI sector. Currently its portfolio consists of over 1264 units, more than 80 assets within 5m + sq. ft of space acquired over the last three years. As on 2020, 56% of the company’s assets are located across UK, 41% in Germany and 3% in Switzerland. Its industry sector tenants include manufacturing, wholesale & retail trade, repair of motor vehicles and motorcycles, administrative and support service activities, construction, professional, scientific and technical activities, construction, professional, scientific and technical activities, arts, entertainment and recreation and other service activities. 

Its subsidiaries include Stenham Property Holdings Limited, , SP Secretaries Limited, Stenprop (Germany) Limited, Davemount Properties Limited, Stenprop (Swiss) Limited, Stenprop (UK) Limited, , Laxton Properties Limited, Loveridge Properties Limited, Stenham Paramount Hotel GP Limited, Normanton Properties Limited, Ruby Red Holdings Limited, SP Corporate Services Limited, and SP Nominees Limited.

Contact Information

company address 180 Great Portland Street W1W 5QZ United Kingdom

company phone+44.1481.740571

company website

Similar Companies