Ian Watson, Joint Chief Executive of Ashtenne said: 'The properties are classic Ashtenne stock within an area where we already have critical mass.'

In July of this year, the Ashtenne fund acquired Helical Bar's Scottish industrial portfolio for £15.1 million ($21.9 million). The portfolio is spread across the Scottish Central Belt from Glenrothes in the East, to Ayr in the West. The portfolio produced a rental income of £1.6 million ($2.32 million) per annum indicating a net initial yield of 10%.

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