The Charities Property Fund in the UK acquired four properties in the first quarter of 2011, bringing the total value of its portfolio to over £400 mln (EUR 456 mln). The new assets were purchased for £50 mln with an average yield of 7.5%. These properties included: a multi-let industrial estate in Epsom for 7.4%; a leisure club in Rayleigh for 7%; a modern distribution warehouse in Burton-upon-Trent for 9%; and a modern office building in Farringdon for 7.1%.
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