The Hungarian government has announced plans to establish real estate investment trusts (REITs) in the country in an effort to boost investment activity and to attract foreign capital. According to Hungarian press reports, the Hungarian structure will allow REITs to invest in development projects as well as in existing assets.
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).
