The worst is yet to come for the European real estate fund management industry, according to Andrew Thornton, CEO of Internos Real Investors. 'The next two years will bring an industry shakeout - 'meltdown' could be appropriate - in which the survivors will be those who go in strong and are most realistic in addressing investor concerns.'
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).
