UK - UBS's Triton Property Fund has acquired two leisure parks in Leicester and Southampton from Heron Property for £42m.
The two properties are Leisure World in Southampton and Leicester Leisure Park. The Southampton-based property has a 13-screen multiplex cinema, casino, three restaurants, two themed bars, a pub and a nightclub. The Leicester Leisure Park comprises a 12-screen multiplex cinema, Mecca Bingo, two restaurants and a pub.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.