Pramerica Real Estate Investors, part of US group Prudential Financial, has made its first investment in Mexico on behalf of a Spezialfonds managed by its German arm TMW Pramerica Property Investment. The fund has bought the Torre Acuario office and retail property in Mexico City from a local private investor. The transaction price is said to amount just less than EUR 100 mln.
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).
