Asian investors will not solve Europe’s liquidity problems, delegates at the annual ULI conference in Paris heard last week. Asia-Pacific investors accounted for a mere 3% - or roughly EUR 3.5 bn - of total real estate investment volume in 2011, Menno Maas, head of CEMEA at DTZ, pointed out. In total, the London-based advisory firm recorded EUR 110 bn in transactions across Europe last 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).
