Hamburg-based property group TAG Immobilien has acquired 787 residential units for a total of EUR 43 mln. The transaction increases the firm's residential portfolio by 51,300 m[sup]2[/sup] or almost 20%. TAG said the deal is being financed by assuming existing bank debt as well as the non-cash issue of 2.4 million new shares.
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).
