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M&G Real Estate purchases warehouse in Raunds for £32.5m

M&G Real Estate has acquired a distribution warehouse in Raunds, Northamptonshire for £32.5 million, representing a net initial yield of 6.36% and a guaranteed reversionary yield of 7.19% in January 2016. The purchase was made on behalf of the M&G Property Portfolio, managed by Fiona Rowley and Justin Upton of…