Pradera Europe plans to start marketing a new fund or club deal for the Turkish retail market by the end of the second quarter, Chairman Colin Campbell told PropertyEU. The fund will invest in existing assets and target an IRR of 17%, he added. It will be launched together with KREA Group, the former Turkish business partner of Merrill Lynch, headed by Hakan Kodal, Chairman of the Council of Turkish Shopping Centres.
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).
