Completion of the disposal of Hermann Quartier
Completion of the disposal of Hermann Quartier STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 (“Stenprop” or the “Company”) 6 August 2021 STENPROP PORTFOLIO REACHES 83% MLI ON COMPLETION OF €30.8 MILLION DISPOSAL OF BERLIN SHOPPING CENTRE Further to the announcement made by the Company on 29 December 2020, Stenprop announces that the sale of its freehold interest in the Hermann Quartier shopping centre in Berlin, Germany has now completed. The transaction takes Stenprop’s portfolio to 83%* MLI, based on March 2021 valuations. James Wakelin, Head of Debt and Special Projects, commented: “This completes the sale of our €95 million Berlin shopping centre portfolio, which we achieved at an average premium of 18% above March 2020 book value. With further disposals underway, we remain on track to complete our transition to being a 100% UK MLI business by March 2022.” *Inclusive of the retained urban logistics assets which complement the wider MLI strategy This announcement is voluntary and for information purposes only. For further information: Stenprop Limited +44(0)20 3918 6600 Paul Arenson (firstname.lastname@example.org) Julian Carey (email@example.com) James Beaumont (firstname.lastname@example.org) Numis Securities Limited (Financial Adviser) +44(0)20 7260 1000 Hugh Jonathan Vicki Paine FTI Consulting (PR Adviser) +44(0)20 3727 1000 Richard Sunderland Richard Gotla Neel Bose Stenprop@fticonsulting.com Java Capital +27 (0)11 722 3050 (JSE Sponsor) About Stenprop: Stenprop is a UK REIT listed on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com. Date: 06-08-2021 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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