German closed-end fund manager Fondshaus Hamburg (FHH) has acquired a mixed-use development project in Freiburg, Baden-Württemberg, Germany from local developer Unmüssig Baden for around EUR 62.5 mln. The property will be transferred to a new closed-end fund to be marketed to investors in the second quarter of 2011, FHH said in a statement.
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).
