Legal & General Property (LGP) announced that it has secured a further £100 mln (EUR 113 mln) of equity for its UK Property Income Fund. The new equity comes from an internationally diverse group of major global institutional investors based in France, Finland, Switzerland and Japan. The further investment will bring the fund's NAV to more than £250 mln and GAV to above £400 mln.
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).
