Morgan Stanley is selling German asset manager Argoneo Real Estate to EPM, a subsidiary of Bilfinger Berger Facility Services, with effect from January, EPM confirmed on Monday. Argoneo manages commercial property assets throughout Europe valued at some EUR 2.7 bn.
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).
