We are delighted to announce we recently acquired Headlands Trading Estate in Swindon for £7.4 million.
The estate provides 106,000 sq ft of multi-let industrial (MLI) across 19 units and is fully let to a diverse occupier base. Headlands Trading Estate offers several asset management and development opportunities to help drive future income.
"WE REMAIN CONFIDENT OF MEETING OUR TARGET TO BECOME A 100% FOCUSED MLI BUSINESS BY THIS TIME NEXT YEAR AND LOOK FORWARD TO SETTING OUT OUR POST-TRANSITION VISION FOR STENPROP WHEN WE ANNOUNCE OUR ANNUAL RESULTS IN JUNE."
This purchase means that Stenprop has completed 14 separate UK MLI acquisitions this financial year, with an aggregate purchase price before costs of £91.5 million, and takes Stenprop's portfolio to over 73% MLI based on September 2020 valuations.
Paul Arenson, CEO at Stenprop, commented: "We remain confident of meeting our target to become a 100% focused MLI business by this time next year and look forward to setting out our post-transition vision for Stenprop when we announce our annual results in June."