AIM-listed Conygar Investment has exchanged contracts to acquire a portfolio of seven freehold and long leasehold buildings in the UK from administration for a total consideration of £44.6 mln (EUR 50 mln). The portfolio generates an annual rent of approximately £4.41 mln, representing a net initial yield of 9.9%.
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).
