15.07.2009 - Teeside begins UK acquisition programme
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