German real estate investment company Patrizia Immobilien has confirmed it is eyeing the GBW residential portfolio which German state owned bank BayernLB is expected to sell off in a slew of large sales due to hit the market in the coming months. BayernLB is believed to be seeking a price of around EUR1.5bn for its GBW Gruppe portfolio of more than 32,000 residential units.
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).
