German fund manager Union Investment Real Estate has bought the new office headquarters due to be built for Admiral Group in Cardiff by Stoford Developments for £59 mln (EUR 70 mln). The deal will reflect a net initial yield of 5.85%.
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).
