Waleed Al-Omar

UK-based Bank of London and the Middle East (BLME) has acquired a third logistics asset in northwest England for a fund aimed at Middle East investors looking to diversify outside London prime - according to Investments and Pensions Europe Magazine.

Bank of London and The Middle East, the London based wholesale Sharia'a compliant bank, had announced the launch of its Light Industrial Building Fund (LIBF), a Sharia'a compliant UK real estate fund last year.

Bank of London and The Middle East is listed in the Middle East Investors Directory with the code SINX41

Details about the fund's initial lunch follows