Luxembourg-based investment firm Aeriance has launched a £100 mln (EUR 120 mln) closed-ended specialist debt fund to provide bridging loans for residential property transactions in London. Aeriance said that the fund, OREL, was created to capitalise on the dislocation in short-term real estate lending in the UK.
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).
