IVG Immobilien, Germany's largest listed property company, aims to raise up to EUR 250 mln of equity from institutional investors in the second half of 2011 for its first core to value-add investment fund. The move, which reflects investors' growing appetite for risk, comes as attractive yields have become increasingly difficult to find in the core spectrum of the major European markets.
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).
