Industrials REIT achieves ambitions to become fully multi let industrial focused with German care home sale
INDUSTRIALS REIT LIMITED
(Registered in Guernsey with registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
(“Industrials REIT” or the “Company”)
5 April 2023
INDUSTRIALS REIT ACHIEVES AMBITIONS TO BECOME FULLY MULTI LET INDUSTRIAL FOCUSED WITH GERMAN CARE HOME SALE
Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces the sale of its interest
in a German care home joint venture. The deal completes Industrials REIT’s five-year transition to
become a 100% UK MLI business, with the Company now operating over seven million square feet of
MLI assets located around towns and cities in England, Scotland and Wales.
Net proceeds from the exit totalled £15.6 million (€17.8 million), which the Company will use to fund
further MLI acquisitions in the UK.
Paul Arenson, CEO of Industrials REIT, said: “The sale of our German care home interest is a significant
milestone, being the final non MLI investment remaining in our portfolio. It means we are fully focused
on our UK MLI business following a £600 million plus five-year disposal programme. Our goal now is
to continue scaling our UK MLI platform.”
For further information:
Industrials REIT Limited 44(0)20 3918 6600
Paul Arenson (paul.arenson@industrials.co.uk)
Julian Carey (julian.carey@industrials.co.uk)
James Beaumont (james.beaumont@industrials.co.uk)
Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
FTI Consulting (PR Adviser) 44(0)20 3727 1000
Richard Sunderland
Richard Gotla
Neel Bose
industrialsreit@fticonsulting.com
Java Capital 27 (0)11 722 3050
(JSE Sponsor)
About Industrials REIT:
Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary
listing on the Johannesburg Stock Exchange. The objective of the Company is to deliver a combination
of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning
and operating a diversified portfolio of UK purpose built multi-let industrial (MLI) estates
across the UK. The Company aspires to be the leading MLI business in the UK. For further information,
go to www.industrialsreit.com.
Date: 05-04-2023 03:00:00
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