Over the past year, Allianz Real Estate has emerged as one of the biggest property investors in Europe - and is set to remain so for several years to come. After spending more than €2 bn in 2010, the property arm of German insurer Allianz is gearing up to invest a similar amount this year to boost its overall allocation to real estate to around €25-30 bn in the next three to five years.
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).
