Deutsche Asset Management's property and alternative investment unit RREEF has invested EUR 33.8 mln in the purchase of the mixed-use Caudwell portfolio from Doughty Hanson. The deal reflects a net initial yield of 6%. The portfolio comprises five office and industrial buildings in the British Midlands, and includes around 8.1 hectares of development land. Tenants include Transco, Caudwell Logistics, Vodafone, Phones4U and Pipex.
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