US private investment firm Starwood Capital Group Global has confirmed that funds it manages have purchased the City Tower building in the City of London from Prupim. Financial details were not disclosed. The building at 40 Basinghall Street consists of 13,200 m[sup]2[/sup] over 21 floors, and houses some 40 tenants.
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).
