German open-ended real estate funds (GOEFs) took advantage of favourable conditions in 2010 to increase their trading activities, particularly in cross-border transactions. In all, the funds bought and sold 173 assets for a total of EUR 10.9 bn, according to a new report published by the German fund association BVI.
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).
