German closed-end fund manager Hamburgische Immobilien Handlung (HIH) has announced the launch of its first Austrian real estate investment vehicle. The HIH Global Invest 05 - Österreich fund has a planned life term of 10.5 years and aims to distribute returns of 5.75% per annum, rising to 6.25% from 2020.
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).
