Investment in European retail property reached EUR 5.1 bn in the third quarter of 2009, marking the end of the EUR 4.2 bn activity plateau reported in each of the three previous quarters. This brings total retail investment activity over the first nine months to EUR 13.7 bn - exactly a third of the total European commercial real estate investment during that period, CB Richard Ellis has reported.
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).
