Italian fund manager Fimit said that its listed Delta closed-end property investment fund has acquired a fully-let portfolio consisting of five multi-screen cinemas for a total of over EUR 65 mln. The transaction reflects a gross yield of 7.5%.
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).
