SEB Asset Management has added two development projects in Germany and the Netherlands to the assets of the SEB ImmoInvest fund. Following the addition of Werfthaus, which was built on the banks of the river Main in Frankfurt, and the Maastoren office tower in Rotterdam, the open-ended real estate fund launched in 1989 now has a total of 149 properties in 18 countries. Total fund assets come to EUR 6.2 bn.
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).
