Schroder has invested £6.5 million ($11 million) on behalf of clients; Morley has invested £12 million ($19 million) on behalf of clients and Royal London has invested £10 million ($16 million).
The Ashtenne Industrial Fund was established in June 2001 with an initial equity of £180 million ($290 million). By the end of 2002 the Fund had property assets of £386 million ($625 million) and net assets of £237 million ($385 million). During the year to 31 December 2002 it produced a net return to investors of 18.6%.
Ian Watson, joint chief executive of Ashtenne, said: "The level of investment into the Fund is growing fast. Investors are showing confidence as the Fund is continuing to outperform its sector."
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