MGPA, the private equity real estate investment advisory company, has completed the acquisition of the UK land bank company, Lands Improvement Holdings plc (LIH), for £52.5 mln (EUR 59 mln). The vendor was Clerical Medial Investment Group, part of the Lloyds Banking Group (CMIG). MGPA carried out the acquisition on behalf of MGPA Europe Fund III.
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).
