A joint venture vehicle managed by AEW Europe and Mountgrange Investment Management has completed the sale of a B&Q retail warehouse in Nelson, Lancashire, UK. The property was acquired by IRP Holdings, a fund run by F&C REIT, at a yield of 7%. The sale follows a successful rent review settlement on the property earlier in the year.
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).
