UK REIT British Land has agreed to purchase Wardrobe Court, EC4, a 71,000-sq ft (6,600-m2) residential investment property in the heart of the City of London for £57 mn (EUR 63 mln), representing a net initial yield of 4.7%.
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).
