US investment management firm Harbert Management Corporation is planning to launch a third fund targeting European real estate. The company is set to start the marketing of its Harbert European Real Estate Fund III, which will seek to raise EUR 400-500 mln of equity from third-party investors, private equity magazine Pere reported, without quoting sources.
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).
