A 50-50 joint venture of industrial REIT Segro and private equity fund manager Moorfield has completed the acquisition of the UK Logistics Fund (UKLF) for £315 mln (EUR 375 mln). The vendors were Hermes Real Estate Investment Management, Legal & General and LaSalle Investment Management.
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).
