Reports that BNP Paribas is in discussions to acquire DTZ may herald a new round of M&A activity among leading real estate brokers in Europe, according to Paul Wessels, founding editor of PropertyEU, in the May edition of PropertyEU Magazine. Following the last wave of consolidation a decade ago, the time is ripe for the next phase, he said.
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).
