thames river
The fund was £36.6m at the end of May (after being £30.8m at the end of April) and was 71% invested in property securities, with 28% in cash. We completed due diligence on our first purchase during May - an industrial unit valued at £3.45m - and anticipate completion in early June. We have agreed four further acquisitions totalling £11.4m. Full details will be provided following purchase. The fund returned 6.0% this month, against a benchmark of 4.51%.* Our decision to be overweight on equities (the benchmark is 50% equities, 50% property) has proved correct. EPRA Europe (ex UK) gained ...
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