German fund manager Union Investment Real Estate has sold the SMT office building in Seoul, South Korea for KRW 100.4 bln (EUR 64.6 mln) to local investor Trust Y7 REIT. The sale price is 70% higher than the original purchase price.
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).
