German open-ended fund manager Commerz Real has continued its European investment drive with the acquisition of the One Snowhill office scheme in Birmingham from Irish project developer Ballymore. The property was acquired on behalf of Commerz Real's hausInvest europa fund for over EUR 130 mln.
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).
