The municipality of Milan is moving forward with its strategy to extract value from its real estate assets with the launch of a second property fund. The creation of the fund, with a target size of EUR 100 mln, comes two years after the launch of a first property vehicle, with a value of some EUR 255 mln.
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).
