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Stenprop Limited report improvement in occupancy across the MLI portfolio

1 min read | October 24, 2020 05:07 PM BST | By Team Kalkine Media
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Stenprop Limited (LON:STP) has released a trading update on its UK MLI (multi-let industrial) portfolio for the period from 1 July 2020 to 30 September 2020.

 

  • The company reported further improvement in occupancy across the MLI portfolio to 93.3 per cent as compared to 92.0 per cent as of 30 June.
  • The average passing rent of the portfolio was £5.34/sq ft, compared to an estimated rental value of £5.87/sq ft.
  • There was 2.5 per cent improvement in the Like-for-like passing rent, while there were £1.48 million per annum of new rental income contracted through 58 new lettings.

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