Savills has forecast shopping centre investment turnover in 2009 will exceed the £1.5 bn (EUR 1.6 bn) booked last year following a marked change in investor sentiment towards the sector, which has seen yields begin to harden in the third quarter of 2009.
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).
