Rockspring Property Investment Managers has made two retail property acquisitions in Spain and Germany for a total of EUR 115 mln. In Germany, Rockspring has purchased Das Es!, a dominant downtown shopping centre in Esslingen to the southeast of Stuttgart, from SEB Asset Management for EUR 69 mln, reflecting a gross initial yield of 6.8%. The deal was completed on behalf of a separate mandate.
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).
