Private equity real estate fund-raising rebounded strongly worldwide in the three months to end-June 2011, with 18 funds reaching a final close and raising a total of $11.2 bn (EUR 7.7 bn), according to Preqin, a data provider on the alternative asset sector.
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).
