Kenmore's European Industrial Fund (KEIF) has bought three industrial portfolios, with a total of 55,000 m[sup]2[/sup] of lettable space, for EUR 47 mln. The closed-end investment company acquired a portfolio of six fully-let semi-industrial assets in the Helsinki region from Machinery OY Finland for just over EUR 22 mln. The deal reflects a net initial yield of 7.24%. The company also purchased a Stuttgart warehouse and an adjacent office building that are leased to Daimler Chrysler. The net initial yield comes to 7.5%. Additionally, Kenmore bought an industrial building near Gothenburg, Sweden for EUR 13.73 mln, reflecting a net yield of 7%.
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