UK: Bank of London and The Middle East has acquired another property for its Light Industrial Building Fund, bringing the fund’s gross asset value to more than GBP21 million (US$33.44 million) and keeping it on track to distribute an annualized yield of more than 8%.
The property, the sixth injected into the fund, is valued at GBP1.8 million (US$2.87 million) and is expected to yield 13% over the next six-and-a-half years.