The Italian fund management arm of US property company Hines has announced the first closing of its Italian Porta Nuova Varesine property fund, which will take control of EUR 900 mln worth of assets in the Italian city of Milan.
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).
