BOI adds to Geared Property Fund

Bank of Ireland has announced it has added to its UK Geared Property Fund portfolio through the purchase of two properties at a cost of £6.42m (€9.34m).

These premises, a retail warehouse in Essex and industrial warehouse in Northampton, will join the fund's existing properties in Cheltenham (retail warehouse), Reading (retail property) and Newbury (high street retail), purchased in May 2004.