Stenprop: Record quarter for leasing
Stenprop Limited, the UK multi-let industrial property company, has announced continued strong demand for multi-let industrial in a trading update for the period covering 1 January 2021 to 31 March 2021 released today. In what was a record quarter for leasing, this subsequently has driven improved occupancy and higher rents. There was a 24% average uplift on the previous passing rent on new lettings and 15% on lease renewals giving an average 20% across both.
Below is a webinar recorded today with Paul Arenson CEO and Julian Carey, Managing Director who provide us with the highlights from the period