Investor eyes more industrial deals after £6m estate purchase
A property group is looking for more sites around Birmingham after agreeing the £6.2m purchase of a Stourbridge industrial estate.
Stenprop has bought Gainsborough Trading Estate in an off-market transaction from a private investor. The deal reflects a net initial yield of 9.1%.
Julian Carey, Stenprop's property director, said: "We are excited about rolling our Industrials operating platform out in Stourbridge and hope to acquire more estates in the area on the back of it".
The estate in Rufford Road has 37 units - of wh... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...