TRW Pensions Trust - formerly known as Lucas Pensions Trust - in the UK has made two further purchases as part of its aggressive plan to place £200m of its £4bn in pension fund in property within the next 18 months.
The Trust has purchased an industrial unit of 47,000 sq ft in Penkridge in Staffordshire from Alfred Hopkins pension fund for £1.23m - an initial yield of 11.5%. The building is let on a five year ...
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