Public real estate companies raised $12 bn (EUR 8.4 bn) in the first quarter of 2011, according to LaSalle Investment Management. Global real estate stocks and the broad market posted solid returns in the first quarter of 2011 despite considerable volatility in March. The UBS Global Investors Index of real estate stocks was up 4.5% while the MSCI World Equity Index of broad-market stocks gained 3.7%.
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).
