Westdeutsche ImmobilienBank (WestImmo) has placed its second EUR 500 mln benchmark mortgage Pfandbrief on the capital market. The coupon amounts to 2.5 %. The Pfandbrief runs until June 2013 and the yield mark-up is 23 basis points above swap-mid.
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).
