Cityhold Property group, the European property joint venture of the First and Second Swedish National Pension Funds, has acquired an office building in Paddington, London, for £230 mln (EUR 278.3 mln) from a joint venture between Aviva Investors and Union Investment Real Estate. The transaction reflects a net initial yield of just under 6% including costs.
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).
