The Italian fund management arm of US real estate developer Hines has launched a new property development fund which will take control of part of Milan's Porta Nuova mixed-use project, worth some EUR 250 mln. The launch of the Porta Nuova Isola fund comes shortly after the closing last month of the Porta Nuova Varesine vehicle, which raised EUR 900 mln from investors.
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).
