Our objective is to deliver sustainable and growing income to our shareholders.

In 2017 we identified UK multi-let industrial as a sector likely to deliver superior growth as a result of a structural imbalance in supply and demand. We believe a focused strategy both in terms of sector and geography will deliver investors strong risk adjusted returns.

The acquisition of a £130m multi-let industrial portfolio and an industrial management platform were the initial step towards achieving this goal and becoming the leading UK multi-let industrial business.

Our 4 Point Plan - 2018 to 2020

Multi-let IndustriaL Platform

Development of ‘serviced industrial’ model

New asset management platform driven by cutting edge technology

Development of flexible lease pricing model

Focus on driving rents and improving occupancy

Leverage

Reduce current gearing from 50% to 40% by end 2020

Target gearing of
30-40% thereafter

Utilise short term bridge facility from Investec to facilitate the acquisitions/disposals process and minimise cash drag

REIT conversion and London listing

Convert to a REIT and list on LSE by June 2018

Cease Bermuda Listing

Significantly increase liquidity and attract more EEA shareholders

Position the Company for longer term IFA/Wealth Management investors

Recycling of assets

Planned disposal programme of £460m of non-core, low yielding investments

Acquire c. £220m of MLI investments in the UK – 65%+ portfolio weighting

Intensive asset management on non-core assets to maximise value before sale

NAV for NAV reinvestment into higher yielding, more sustainable growth assets

Our Vision

“To be the leading UK multi-let industrial business”

Industrials is Stenprop’s UK multi-let industrial operating platform. Visit site