Fund manager Cordea Savills has acquired five out-of-town retail warehouse assets on behalf of its German Retail vehicle. Four of the properties, bought as a portfolio, are located in Bavaria and Rhineland-Palatinate. The fund is also taking ownership of a larger retail park near Dortmund.
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).
