The EMEA region recorded below-average property investment transaction volumes of $41.9 bn (EUR 29 bn) in Q1 2011, reflecting continued uncertainty and caution arising from the sovereign debt crisis, according to the latest research by global property adviser CB Richard Ellis. The quarterly transaction average for the region is $51.7 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).
