Gerhard Niesslein has announced he will step down as CEO of IVG Immobilien at end-October for personal reasons. He will be succeeded by CFO Prof Dr Wolfgang Schäfers effective 1 November 2011 at the latest. Schäfers will extend his contract by three years to 31 December 2014, the company announced in a press release.
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).
