UK REIT NewRiver Retail and global investment manager Pimco have teamed up to acquire a portfolio of five shopping centres in the UK from Zurich Assurance. The investment volume for the secondary market assets comes to £85 mln (EUR 104 mln), reflecting a net initial yield of 9.7%.
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).
