Industrial portfolio acquired in £116m deal

Peartree Lane Industrial Estate, Dudley
Property investor Hansteen has sold a portfolio of industrial sites – including several in the Midlands – in a deal worth £116m. Hansteen only acquired the Industrial Multi Property Trust portfolio last year but it has now sold the estates on to an entity owned by Warehouse REIT, which in turn, is acquiring the IMPT portfolio through the sale and purchase of certain subsidiaries of Industrial Multi Property Trust Ltd. The portfolio consists of 51 UK multi-let properties offering circa 500 leasable units with a total floor a... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...