Commercial property investment volumes in Europe rose by a better-than-expected 17.7% in the final quarter of 2011 to EUR 36.8bn, according to Cushman & Wakefield. For the full year, investment volume totalled EUR 126.2bn, marking an increase of 7.8% on 2010. This is about 10% higher than the EUR 115 bn reported earlier this week by CBRE.
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).
