UK property developer and investment group Terrace Hill has exchanged contracts to acquire a development site in Sedgefield, County Durham. The site extends to 2.9 hectares. The acquisition is subject to obtaining planning for a 4,600 m[sup]2[/sup] foodstore and the signing of a pre-let. The financial details were not disclosed.
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).
