A 50-50 joint venture of industrial REIT Segro and private equity fund manager Moorfield has acquired the UK Logistics Fund (UKLF) for £315 mln (EUR 375 mln) from Hermes Real Estate Investment Management, Legal & General and LaSalle Investment Management. The purchase price represents a net initial yield of 6.3%.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
