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Kalkine Media ASX Share Market News & Research

Stenprop Limited Completes The Acquisition Of 100 Industrial Units In Five Separate Transactions

September 20, 2019 09:35 AM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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  • Stenprop Limited (STP) has completed the acquisition of 100 industrial units in five separate transactions.
  • The acquisitions comprising, Unit 5, Holbrook Enterprise Park, Units 1-8, Forth Industrial Estate, Units 1-10, Parkway Business Centre, Trident Business Centre, Armthorpe Enterprise Centre and Hillfoot Industrial Estate are for an aggregate consideration of £16.7 million.
  • Following the acquisitions, the company’s multi-let industrial property assets account for 43.9 percent of its portfolio and are expected to rise to 60 per cent of the total portfolio of properties by 31 March 2020.
  • On 20th September 2019, at the time of writing, GMT 08:23 AM, STP shares were trading at GBX 106.00, flat against the previous day closing price.

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