Stenprop’s Multi-Let Industrial Strategy
Property investment vehicle Stenprop are listed on the London Stock Exchange’s specialist fund segment with the ticker LON: STP. Previously focused on the management and letting of office space, they have shifted in to the multi-let industrial space (MLI). MLI properties are simple industrial units located towns and cities, occupied by businesses ranging from Deliveroo to Mechanics.
Demand for the units has grown in recent times, whilst supply has remained restricted, and this has caused rents to rise. CEO Paul Arenson discusses the market and the companies forward strategy in the video below.