Private equity group Redevco plans to withdraw from non-core countries including Poland, Italy and the Nordics, in particular Sweden, Andrew Vaughan, the company’s new CEO, told PropertyEU in an interview. The Amsterdam-based investor-developer has already jettisoned China. Late last year, Redevco sold its 50% stake in a joint venture with a Chinese firm to develop a shopping centre section in the city of Wuhan.
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).
