Improving market conditions across Europe helped sustain a high level of leasing activity in the Prologis European Properties (PEPR) portfolio, pushing the total for the first three months of the year to 388,500 m[sup]2[/sup]. In a statement on Thursday to announce its first-quarter results, PEPR said it concluded 48 lease transactions in Q1, including 127,400m[sup]2[/sup] of new or expanded leases.
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).
