{"id":2027274,"date":"2019-03-12T07:46:04","date_gmt":"2019-03-12T07:46:04","guid":{"rendered":"http:\/\/www.thebusinessdesk.com\/westmidlands\/?p=2027274"},"modified":"2019-03-12T07:46:04","modified_gmt":"2019-03-12T07:46:04","slug":"investor-eyes-more-industrial-deals-after-6m-estate-purchase","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase","title":{"rendered":"Investor eyes more industrial deals after \u00a36m estate purchase"},"content":{"rendered":"

A property group is looking for more sites around Birmingham after agreeing the \u00a36.2m purchase of a Stourbridge industrial estate.<\/p>\n

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%.<\/p>\n

\"\"

Gainsborough Trading Estate, Stourbridge<\/p><\/div>\n

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”.<\/p>\n

The estate in Rufford Road has 37 units – of which only one is vacant – and the 162,000 sq ft estate generates annual rent of \u00a3604,000.<\/p>\n

Stenprop is moving towards becoming a specialised UK multi-let industrial (MLI) property company. MLI assets now account for 41% of the company’s portfolio, which it expects to rise to 60% in a year’s time.\u00a0It intends to sell all of its non-MLI assets over the next few years and utilise the sale proceeds to build a focused UK MLI business.<\/p>\n

Carey added: “This acquisition increases our multi-let industrial portfolio to more than \u00a3250m and around 4m sq ft.<\/p>\n

“This estate provides a mix of small industrial units of different ages and specifications in a strong location. We have long been fans of investing in and around Birmingham, and the excellent demand-supply dynamics in the area are clear to see from the excellent letting history at Gainsborough Trading Estate.<\/p>\n","protected":false},"excerpt":{"rendered":"

Purchase is part of a strategic shift in 4m sq ft portfolio<\/p>\n","protected":false},"author":18,"featured_media":2027277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[81],"class_list":["post-2027274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-top-story"],"yoast_head":"\nInvestor eyes more industrial deals after \u00a36m estate purchase | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"Purchase is part of a strategic shift in 4m sq ft portfolio\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investor eyes more industrial deals after \u00a36m estate purchase | TheBusinessDesk.com\" \/>\n<meta property=\"og:description\" content=\"Purchase is part of a strategic shift in 4m sq ft portfolio\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase\" \/>\n<meta property=\"og:site_name\" content=\"West Midlands\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-12T07:46:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"576\" \/>\n\t<meta property=\"og:image:height\" content=\"384\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase\",\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase\",\"name\":\"Investor eyes more industrial deals after \u00a36m estate purchase | TheBusinessDesk.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg\",\"datePublished\":\"2019-03-12T07:46:04+00:00\",\"dateModified\":\"2019-03-12T07:46:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\"},\"description\":\"Purchase is part of a strategic shift in 4m sq ft portfolio\",\"breadcrumb\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#primaryimage\",\"url\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg\",\"contentUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg\",\"width\":576,\"height\":384,\"caption\":\"Julian Carey, Stenprop\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investor eyes more industrial deals after \u00a36m estate purchase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website\",\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/\",\"name\":\"West Midlands\",\"description\":\"Regional business news for West Midlands\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\",\"name\":\"Alex Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"caption\":\"Alex Turner\"},\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/author\/alexturner\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investor eyes more industrial deals after \u00a36m estate purchase | TheBusinessDesk.com","description":"Purchase is part of a strategic shift in 4m sq ft portfolio","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase","og_locale":"en_GB","og_type":"article","og_title":"Investor eyes more industrial deals after \u00a36m estate purchase | TheBusinessDesk.com","og_description":"Purchase is part of a strategic shift in 4m sq ft portfolio","og_url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase","og_site_name":"West Midlands","article_published_time":"2019-03-12T07:46:04+00:00","og_image":[{"width":576,"height":384,"url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg","type":"image\/jpeg"}],"author":"Alex Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alex Turner","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase","url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase","name":"Investor eyes more industrial deals after \u00a36m estate purchase | TheBusinessDesk.com","isPartOf":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#primaryimage"},"image":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#primaryimage"},"thumbnailUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg","datePublished":"2019-03-12T07:46:04+00:00","dateModified":"2019-03-12T07:46:04+00:00","author":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d"},"description":"Purchase is part of a strategic shift in 4m sq ft portfolio","breadcrumb":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#primaryimage","url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg","contentUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/mar_19\/Julian-Carey-e1552376722829.jpg","width":576,"height":384,"caption":"Julian Carey, Stenprop"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027274-investor-eyes-more-industrial-deals-after-6m-estate-purchase#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thebusinessdesk.com\/westmidlands\/"},{"@type":"ListItem","position":2,"name":"Investor eyes more industrial deals after \u00a36m estate purchase"}]},{"@type":"WebSite","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website","url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/","name":"West Midlands","description":"Regional business news for West Midlands","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thebusinessdesk.com\/westmidlands\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d","name":"Alex Turner","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633","url":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","caption":"Alex Turner"},"url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/author\/alexturner"}]}},"_links":{"self":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts\/2027274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/comments?post=2027274"}],"version-history":[{"count":0,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts\/2027274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/media\/2027277"}],"wp:attachment":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/media?parent=2027274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/categories?post=2027274"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/coauthors?post=2027274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}