Foreign investors accounted for 94% of the retail property transactions during the first half of 2011 in Sweden, a market traditionally seen as dominated by the large domestic pension funds and insurers. This compares to 70% in 2010 and 30% in 2009, according to Jones Lang LaSalle’s latest Swedish Retail Market Survey.
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).
