Investment in central London commercial property surged 34% year-on-year to around £2.19 bn (EUR 2.5 bn) in the first quarter of 2011, according to figures from global property consultant Cushman & Wakefield (C&W). The figure compares to £1.63 bn in Q1 2010.
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).
