Lenders have the opportunity to find 'hidden gems' in the market for UK secondary property, according to Savills. Secondary and tertiary property account for about 75%, or more than £250 bn (EUR 282 mln) of the total of £350 bn of debt in the UK commercial property market, the international property adviser believes.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
