UK retail property will be the ‘winner’ in 2010 with a 4.5% rise in capital values across both prime and secondary assets in the sector, according to the latest economic forecasts of BNP Paribas Real Estate. By comparison, the adviser is forecasting capital values in the office sector will grow by an average 1.8% this year, while the industrial sector is likely to see a small increase of about 1.5%.
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).
