UK REIT Hammerson said on Thursday that it has exchanged contracts to sell Three Spires, Lichfield, to a client of Orchard Street Investment Management, who will complete the acquisition directly from St. Martins Property Investments. The transaction price amounts to £33 mln (EUR 37 mln), which is the same amount Hammerson paid for the asset last month.
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).
