A consortium led by German listed property company Patrizia is acquiring 21,000 residential units in Germany for EUR 1.4 bn. The consortium emerged ahead of buyout firms Blackstone and Cerberus, and a local consortium including the city of Stuttgart, in the race to buy the portfolio from Germany's biggest public-sector bank LBBW.
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).
