Any significant upturn in retail sales across the Baltic States is unlikely to come until 2011, and in the cases of Latvia and Lithuania, probably not until 2012, making new retail real estate financing almost impossible, according to speakers at the International Council of Shopping Centers (ICSC) Baltic States Retail Real Estate Conference, held in Tallinn, Estonia.
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).
