The West End of London Property Unit Trust (Welput), a closed-end fund managed by Schroder Property, has acquired the mixed-use building at 7/8 St Martins Place in London from Italian fund manager EstCapital for £41 mln (EUR 45.7 mln). The price represents a net initial yield of 5.9%. Welput was advised by Grafton Advisors.
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).
