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L&G completes Kingsditch Trade Park acquisition and sells office scheme in London

LGIM Real Assets (Legal & General) has completed the acquisition of Kingsditch Trade Park, Cheltenham, for £20.523 million (c. €23.2 million), reflecting a net initial yield of 5.30%. The asset has been bought on behalf of Legal & General’s Industrial Property Investment Fund (IPIF) from M&G Real Estate. In addition,…