Wealthy private individuals are becoming a force to be reckoned with in the global real estate arena, Tilman Hickl, head of real estate customised mandates at UBS Asset Management, said during an address on new sources of capital at the Inrev annual conference in Berlin.
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).
