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Teeside begins UK acquisition programme

Posted on 15 July 2009

From IPE: The £2bn (€2.1bn) Teesside Pension Fund, administered by Middlesbrough Council, has purchased its first real estate asset through its recently-appointed property manager LV Asset Management (LVAM).

LVAM acquired Bromford Central Industrial Estate in Birmingham, England, on behalf of the pension fund, from Standard Life Investments for £8.96m, reflecting an initial yield of 8.5%…….Full Article (Subscription Required) : Source


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