Kenmore European Industrial Fund has bought the headquarters of a major air and gas company in Germany for €14.2m (£9.9m).
Kenmore bought the German headquarters and European plant site of CompAir, in Simmern, west of Frankfurt from London & Lothian, UK.
The purchase of the 127,500 sq m (1.4m sq ft) site, which is let to CompAir until 2021, reflects a net initial yield of 7.02%.
Kenmore said that the transaction demonstrated an ongoing commitment to investing in Germany.
The fund is now over 90% invested. It began trading in September 2006, and initially raised £140m.