European fund manager Bouwfonds REIM is working with Belgian real estate company Quares to establish a real estate fund offering private investors access to high-quality shops in top locations in the Benelux. The fund has an equity target of EUR 150 mln spread over three closings. The fund launch is scheduled for October, with the first close in January 2012, a spokesperson for Bouwfonds REIM told PropertyEU.
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).
