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South Korean brokerage firm KB Securities and LB Asset Management had sold a UK logistics facility for an undisclosed amount amid growing concerns over foreign alternative investments during the pandemic..
The facility, bought by two Korean companies in 2017, is leased to supermarket chain Sainsbury’s until 2038.
The two Korean companies said the rate of return before taxes and fees was around 36 percent.
A KB Securities official said the recent bull stock market requires the company to offer promising alternative investments for investors and make all-out efforts to provide trustworthy investment products.
He added that it would be done through in-depth analysis and thorough on-site inspections.
Investors for the funds received an annual dividend of 7 percent on average.
