French REIT Foncière Développement Logements (FDL) is on the prowl for further acquisitions in Germany after purchasing a portfolio of 1,000 residential units in Berlin in April. The move, which marked the return of the French real estate investment trust to the acquisition trail, reflects the company's efforts to diversify its portfolio and consolidate its position in new markets.
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).
