Legal & General Property (LGP), on behalf of its Property Unit Trust, has purchased a portfolio of industrial assets in Luton, Hounslow, Sevenoaks and Bristol from a private pension fund for close to £24 mln (EUR 27.5 mln), reflecting a net initial yield of around 7.3%. CBRE advised LGP on the transaction.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
