Pramerica Real Estate Investors, the property arm of Prudential Financial, said that it has halted redemptions from its TMW Immobilien Weltfonds vehicle following unusually heavy redemptions. 'The management of the fund has decided on the basis of no longer sufficient liquidity, and in order to protect the investors, to close the fund for outflows', the company said in a statement.
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).
