Tamar Capital Partners has completed the management buyout of the Western European part of its real estate asset management business. Led by Rob Brook, the buyout is backed by the directors of the company, including Chris Pope, Tom Stenhouse and Daniel Herrmann, who will ultimately own the newly formed business, supported by a team of 16 people.
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).
