State-owned German bank WestLB is on the brink of selling its Pfandbrief-issuing subsidiary WestImmo to Apollo Global Management, according to those who track the market, with a sale widely expected to be concluded by the end of the month.
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).
