NewRiver has announced the acquisition of four freehold shopping centre assets from Zurich Assurance for around £68 mln (EUR 76 mln), reflecting a net initial yield of 8%. In a statement on Monday, the UK retail property company said it is partially funding the deal with the issue of nearly 17 million shares at 252 pence per share.
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).
