Italian commercial property delivered a 5.2% total return in 2010, a strong improvement on the 0.8% recorded in 2009, according to the IPD Italy Annual Property Index. However, capital values continued to decline, now for the third consecutive year, at -0.5%.
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).
