2010 will be a boom year for commercial property investment with the best returns for four years, according to Angus McIntosh, Head of Research at London-based King Sturge. He cautioned, however, that the boom year may be a false dawn. 'Total returns may well stay positive but capital values may fall again by 2012,' he said at a property market review on Tuesday.
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).
