Inactive Instrument

Industrials REIT Limited

Equities

MLI

GG00BFWMR296

Industrials REIT scheme approval of bid expected on June 21

May 18, 2023 at 02:46 pm EDT

Industrials REIT Ltd - London-based real estate investment trust - Reports court sanctioned scheme approving offer for the company is expected to become effective on June 21. Therefore, company does not intend to publish its annual results for the year ended March 31 on June 9. If the scheme does not become effective, the results will be published.

Current stock price: 166.50 pence, down 0.3% in London on Thursday

12-month change: down 7%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Industrials REIT Limited

Industrials REIT Limited acquired 14 Units Rochester Trade Park from clients of Swiss Life Asset Managers UK.	23-08-15	CI
Industrials Reit Limited Announces Executive Changes	23-07-16	CI
Industrials REIT Delists from London Bourse After Takeover by Blackstone	23-06-22	MT
Global Rate Jitters Overshadow Cooling South African Inflation as Stocks Close Lower	23-06-21	MT
Blackstone acquires Industrials REIT after court order	23-06-21	AN
Blackstone's GBP511 Million Takeover Scheme For Industrials REIT Becomes Effective	23-06-21	MT
Blackstone Inc. (NYSE:BX) completed the acquisition of Industrials REIT Limited.	23-06-20	CI
Industrials REIT Set for Delisting in London, Johannesburg After Guernsey Court Sanction	23-06-20	MT
Blackstone to take over Industrials REIT after court sanction	23-06-20	AN
Industrials REIT Limited(LSE:MLI) dropped from FTSE All-Share Index	23-06-19	CI
JSE to Remove Industrials REIT from All Indices Amid Takeover by Blackstone	23-06-13	MT
FTSE 100 called up despite mild China CPI	23-06-09	AN
FTSE underperforms as US data lifts New York	23-06-08	AN
Goldman Sachs Has 10% Shareholding in Industrials REIT	23-06-02	DJ
Industrials REIT shareholders approve Blackstone acquisition	23-05-31	AN
Industrials REIT's GBP511 Million Takeover Scheme to Become Effective in June	23-05-18	MT
Industrials REIT scheme approval of bid expected on June 21	23-05-18	AN
Industrials REIT urges shareholders to approve Blackstone offer	23-05-09	AN
Industrials REIT says occupational conditions "strong" amid challenges	23-04-28	AN
Industrials REIT Logs Higher Passing Rent Growth in Fiscal Q4	23-04-28	MT
Blackstone offers to buy Industrials REIT	23-04-14	AN
Industrials REIT Agrees to $640 Million Blackstone Takeover	23-04-14	DJ
Blackstone offers to buy Industrials REIT for GBP511 million	23-04-14	AN
Industrials REIT Agrees to GBP511 Million Takeover Offer From Blackstone	23-04-14	MT
HSBC lifts housebuilders; Peel cuts Britvic	23-04-13	AN

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Company Profile

Industrials REIT Limited (formerly Stenprop Limited) specializes in owning and managing real estate assets located in the United Kingdom, Guernsey, Germany and Switzerland. Rental income breaks down by type of asset as follows: - industrial premises (73.7%); - offices (10.7%); - health care facilities (5.9%); - commercial premises (5.6%); - logistics (4.1%). At the end of March 2021, the group's real estate portfolio consisting of 95 assets with a lettable area of 587,291 sq.m, amounted in market value to GBP 582.3 million, broken down by type of assets between industrial premises (74.3%), offices (9.7%), commercial premises (6.6%), healthcare facilities (5.6%) and logistics (3.8%). The rental income is distributed geographically as follows: the United Kingdom (79.6%), Guernsey (13.4%), Germany (4%) and Switzerland (3%).

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