UK commercial property returns fell to 2.3% in the first quarter of 2011 as the re-pricing from the downturn continued, according to the IPD UK Quarterly Property Index. The rate of capital growth fell by 50 basis points to 0.8%.
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).
