Menno Maas, outgoing CEO of ING Real Estate Development, regrets that ING Real Estate's former business model which integrated development, asset management and finance has been abandoned. Nevertheless, he understands the reasoning behind ING's decision to integrate the development unit into ING bank and wholeheartedly supports the strategic review which has led to a renewed focus on retail.
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).
