Prologis has increased its stake in Euronext-listed fund Prologis European Properties (PEPR) ahead of launching a mandatory tender offer for all the outstanding units in the fund it does not already own. Earlier Prologis rejected the APG-led EUR 6 per unit offer and has now counter-attacked with its own bid pitched at EUR 6.10 per unit.
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).
