London & Stamford Property has made its first investment of 2010 with the acquisition of a freehold distribution unit in Tamworth, UK. In a statement on Monday, the company said that it has exchanged contracts with Clerical Medical Investment to buy the asset for £33.3 mln (EUR 38 mln), reflecting an initial yield of 9.5%.
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).
