Around EUR 5.53 bn of commercial property changed hands in Germany in the first three months of 2011 (Q1 2011), according to international real estate advisor Savills. Retail transactions accounted for 55% of the total transaction volume and 65% of total portfolio deals.
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).
