The Kenmore European Industrial Fund said a company owned by a Lewis family trust had bought 10.5 million shares. This gave it control of 7.5% of the fund, which owns properties across Europe.
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Joe Lewis buys into fund managed by Kenmore empire
Joe Lewis, the billionaire who used to own 25% of Glasgow Rangers Football Club, has bought a stake in a European property fund managed by part of the Kenmore property empire in a sign that bargain hunters see opportunities in the property market.
