ING Real Estate Development (ING RED) is pulling out of its 3W project management unit with the sale of 12 development projects in the Dutch provinces of Limburg and Brabant to VolkerWessels. In a joint statement issued by ING RED, Volker Wessels and 3W, the companies said that the management firm will independently continue to operate from June 1 under the name of 3W New Development.
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).
