BLME acquires property for its light industrial building fund

Bank of London and Middle East - BLME - is going to acquire a multi-let site property with six tentants for its Light Industrial Building Fund. This investment will bring the gross asset value of the fund over £20 million and an annualised yield of over eight per cent from the new acquisition which should help to achieve or even exceed target return of the fund, according to BLME Director Asset Management.

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