International property fund manager Cordea Savills has launched an open-ended UK commercial property investment vehicle targeting a size of £1 bn (EUR 1.14 bn). The Cordea Savills UK Income and Growth Fund will invest in prime assets offering secure income streams across the main commercial sectors, including office, retail and industrial.
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).
