German shopping centre specialist ECE Projektmanagement is in talks with Sonae Sierra to acquire the AlgarveShopping centre in Guia, near the town of Albufeira in the south of Portugal, well-informed market sources told PropertyEU. Due diligence has yet to start on the asset, which is expected to fetch around 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).
