Listed retail specialist Unibail-Rodamco has confirmed it is selling five shopping malls in the Netherlands to its smaller Dutch peer Wereldhave for EUR 235 mln. The divestment is part of the company's strategy to focus on large shopping centres around Europe. The deal will generate an undisclosed capital gain relative to the book value of the assets at end-December 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).
