The German market for residential portfolios picked up in 2009, with a significant number of portfolios actively transacted in the second half of the year compared to H2 2008, according to adviser Savills. In total, 107 residential portfolios worth an estimated EUR 3.2 bn and comprising a total of some 56,000 residential units changed hands last year. The figure is almost half the amount of 2008.
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).
