Retail property developer Plaza Centers is selling 47 of its 49 shopping malls in the US for US$1.42 bn (EUR 1.12 bn). The buyer is BRE DDR Retail Holdings, a joint venture between a real estate fund managed by US private equity giant Blackstone and Ohio-based shopping centre group DDR Corp.
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).
