Pirelli RE and Morgan Stanley have, through their vehicle Gamma Real Estate, upped their offer for the closed-end real estate funds Tecla and Berenice. Gamma RE has launched a new offer of some EUR 685 for each quota of the Berenice fund and EUR 678 for each quota of the Tecla fund, in line with the net asset value of the two funds, Pirelli said. Both funds are focused on offices and are managed by Pirelli.
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).
