EastGroup properties completed the acquisition of Tulloch for £289m.

EastGroup properties, an internally-managed equity real estate investment trust, completed the acquisition of Tulloch, an owner of an industrial real estate portfolio, for £289m. "We are thrilled to add the Tulloch Corporation's San Francisco area portfolio to EastGroup. The Tulloch family, over three generations, built a very strong portfolio in terms of location, building quality and tenant quality. Within our own portfolio, San Francisco has historically been one of our strongest markets and also one where we've been under allocated capital-wise. We're very bullish about the future for our San Francisco portfolio. Given recent headlines and resulting levels of concern, we are pleased to continue seeing strong levels of tenant demand across our portfolio as evidenced by our month end results," Marshall Loeb, CEO.