Schroder Property's Welput fund has secured a new £85 mln (EUR 102 mln) credit facility from US insurance company Metlife. The West End of London Property Unit Trust (Welput), which is managed by Schroder and advised by Grafton Advisors, was granted a six-year loan with a fixed rate of 3.64% per annum.
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).
