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ICG buys £200.5 million five-strong UK industrial portfolio

Equites Property Fund selling out of UK to focus on South African assets
The warehouses include Puma's hub in Glasshoughton near Castleford. (CoStar)
The warehouses include Puma's hub in Glasshoughton near Castleford. (CoStar)

Equites Property Fund, the Johannesburg Stock Exchange-listed real estate investment trust, has sold five UK distribution hubs to a fund managed by ICG Real Estate, part of London Stock Exchange-listed global alternative asset manager ICG, for £200.5 million, reflecting a yield of 5.5%.

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