Stenprop Limited Completion Of Disposal Of Retail Park In Berlin (6599A)
October 01 2020 - 1:00AM
UK Regulatory
TIDMSTP
RNS Number : 6599A
Stenprop Limited
01 October 2020
STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")
1 October 2020
COMPLETION OF DISPOSAL OF NEUC LLN CARR ÉE RETAIL PARK IN
BERLIN
Further to the announcement made by the Company on 16 July 2020,
Stenprop announces that the sale of its long leasehold interest in
the Neuc lln Carrée retail park in Berlin, Germany, has now
completed.
James Wakelin, Head of debt and special projects at Stenprop,
commented:
"This is another important step in the transition towards
becoming a 100% UK multi-let industrial ("MLI") business. We have
recently seen a strong uptick in our MLI acquisition pipeline. This
timely sale, releasing approximately EUR15.5m of sale proceeds,
will be used to fund this pipeline. Our remaining identified German
sales are progressing well and we expect to announce further news
in due course.
"UK MLI estates now comprise approximately 63% of Stenprop's
total property portfolio."
For further information:
Stenprop Limited +44(0)20 3918 6600
Paul Arenson (paul.arenson@stenprop.com)
Julian Carey (julian.carey@stenprop.com)
James Beaumont (james.beaumont@stenprop.com)
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
Stenprop@fticonsulting.com
Java Capital Trustees and Sponsors Proprietary Limited +27 (0)11
722 3050
(JSE Sponsor)
About Stenprop:
Stenprop is a UK REIT listed on the LSE and the JSE. The
objective of the Company is to deliver sustainable growing income
to its investors. Stenprop's investment policy is to invest in a
diversified portfolio of UK multi-let industrial (MLI) properties
with the strategic goal of becoming the leading MLI business in the
UK. For further information, go to www.stenprop.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DISSDIFISESSEFU
(END) Dow Jones Newswires
October 01, 2020 02:00 ET (06:00 GMT)
Industrials Reit (LSE:MLI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Industrials Reit (LSE:MLI)
Historical Stock Chart
From Apr 2023 to Apr 2024