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RAM wins Evans industrial buildings

Reit Asset Management (RAM) has won the battle to buy a £425m portfolio of mainly industrial buildings sold by Evans Property Group

The properties are spread over 28 locations in the Midlands and the North East.

RAM is believed to have seen off competition from Catalyst and a consortium of Heron and Royal Bank of Scotland.

Evans will use the proceeds to fund an expansion of its development division.

07/06/07 Financial Times 13

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