Industrial property group set to be snapped up by rival in £25m deal

A property group which owns a spate of industrial sites across the Midlands is set to be acquired in a deal valued at more than £25m.

Industrial Multi Property Trust (IMPT) is set to be acquired by REIT Hansteen Holdings, which itself is a major commercial property investor in the region.

Isle of Man registered IMPT has a portfolio of around 100 properties across the UK. In the Midlands, its sites include Peartree Lane Industrial Estate in Dudley, St James Mill Business Park in Northampton, Webb Ellis Industr... For the full story register now for free or login below...