Pluto Capital and Mountgrange have launched a new fund to help finance residential developments in London and the south-east of England. The fund was established through Mountgrange's real estate opportunity fund MoREOF and will be managed by Pluto Finance. It is expected to deploy £50 mln (EUR 57 mln) over three years into mezzanine loans.
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).
