Direct commercial real estate investment in the UK climbed 41% year-on-year to £8 bn (EUR 9 bn) in the first quarter of 2011, highlighting a return of cautious optimism to the market, according to new research released from Jones Lang LaSalle (JLL).
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).
