The hospitality market is expected to see little or no growth in the next 12 months as a result of a combination of over-valued assets and difficulty in raising finance, according to DLA Piper's European Hotel Outlook Survey for 2012.
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).
