Finnish property company SRV is joining forces with Chinese property group Baltic Pearl CJSC to develop a $180 mln (EUR 125 mln) shopping centre in the Russian city of St Petersburg. The two companies have signed a letter of intent for the creation of a 50/50 joint venture which will develop the 8.1-hectare site in the southern part of the city.
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).
