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Puma buys first portfolio for £15m

Puma Property has acquired a mixed portfolio of office, retail warehouse and industrial properties in Manchester, Camberley, Eastbourne, Norwich and Coventry for £15m.

It is the Guernsey-registered funds first acquisition.

Puma acquired the portfolio on a projected initial yield of 7.44% and a projected reversionary yield of 8.44%.

Financial Times 11/11/01 page 27

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