Dutch-based construction group Royal BAM plans to merge it office and retail developments activities into AM Real Estate Development from 1 September 2011. BAM said in a statement on Friday that the merger of it 35-member commercial real estate development unit IPMMC into the 20-staff team of AM Real Estate Development will lead to greater synergy.
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).
