Stenprop the multi-let industrial focussed REIT has continued its journey to be 100% MLI with the £20.6 million acquistion of Bradley Hall Trading Estate in Wigan

The deal reflects a net initial yield of 6.43% and a capital value of £67.40 per sq ft on the MLI space and £8.95 per sq ft on the yard areas. The site is 100% let to a broad range of businesses, generating a total annual passing rent of £1.4m, equating to an average rent of £4.61 per sq ft on the built units and £0.61 per sq ft on the yard areas.

In the film below Stenprop CEO Paul Arenson highlights the ongoing trend to MLI, hastened by the COVID enforced lockdowns