Denver-based Prologis has launched a mandatory cash tender offer of EUR 6.10 per unit for all the outstanding units in the fund it does not already own in Euronext-listed fund Prologis European Properties (PEPR). The bid values Europe's biggest warehouse owner at EUR 1.2 bn, beating an earlier offer of EUR 6 made by Algemene Pensioen Groep (APG) of the Netherlands and the Goodman Group of Australia.
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).
