Serviced residence specialist The Ascott Limited has expanded its presence in Germany with a EUR 28 mln investment in Frankfurt. Ascott, a wholly owned unit of Singapore-listed CapitalLand, announced on Wednesday that it is acquiring a turnkey serviced residence property which is scheduled to open in 2014.
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).
