Royal Bank of Scotland is to offload £1.4 bn (EUR 1.5 bn) of high-risk UK commercial property loans into a structure controlled by private equity group Blackstone, according to a news report in The Financial Times.
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).
