Multi Corporation has been ousted from first place in the PropertyEU ranking of top developers in 2009 both in terms of the value and the size of its development pipeline. In value terms, ING Real Estate Development now takes the lead with a pipeline valued at EUR 7.7 bn at end-2009. It is followed by MAB Development Group with EUR 7.1 bn. Multi Corporation ranks third with EUR 6.7 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).
