Pan-European retail property fund VastNed Retail has entered the Bordeaux retail market with the acquisition of a prime high-street property portfolio from a private investor. The transaction represents an investment of some EUR 31 mln, reflecting a net initial yield of 5%.
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).
