The Skandia Property Fund has said it is continuing to take advantage of the current value in the commercial property sector with the purchase of two properties for a total of £43 mln (EUR 50.8 mln).

The £426 mln fund, which is managed by sub-adviser Nigel Pickup of ING Real Estate Investment Management, has invested over £85 mln during the last 12 months.

The two most recent acquisitions are: The Interchange, Wested Lane, Swanley, Kent which was purchased for a net £24.77 mln reflecting an initial yield of 6.82 per cent once fully income producing; and 180 West George Street, Glasgow, which the fund purchased for £17.43 mln, reflecting an initial yield of 6.65 per cent.