trending Market Intelligence /marketintelligence/en/news-insights/trending/uQDTkYy3wkG_iB6KhuHtYQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Stenprop to buy UK industrial portfolio, C2 Capital business

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Stenprop to buy UK industrial portfolio, C2 Capital business

Stenprop Ltd. agreed to buy a portfolio of 25 multilet industrial properties and its management business, C2 Capital Ltd., in a deal valuing the businesses at £130.5 million.

The industrial properties, totaling a gross lettable area of roughly 2 million square feet, are located across the U.K. and are operated under the brand industrials.co.uk. The assets house more than 400 tenants.

The portfolio is being sold by Industrials UK LP which is owned by Industrials Investment Unit Trust, or IIUT, and Industrials UK GP LLC, or GP. Through two wholly owned subsidiaries, Stenprop is buying all the units in both IIUT and GP from Rebano Holdings BV and C2 Industrials LLP for £58 million, following which both IIUT and GP will become subsidiaries of the company. Stenprop will buy the shares in C2 Capital from Julian Carey for £3.5 million, funded by the issue of 3,270,500 Stenprop shares.

Carey is also expected to join the Stenprop board in due course.

The acquisition of the industrial portfolio is slated to be closed on June 30. Stenprop has paid a deposit of approximately £6.4 million and will pay the balance upon completion of the acquisition.

Stenprop will fund the acquisition from the proceeds from the sale of the Nova Eventis shopping center near Leipzig, Germany, and from the divestment of certain Swiss assets. The company also obtained €31 million of a 12-month bridging facility, in addition to an €8 million facility.