Caisse des Dépôts (CDC)'s real estate arm Icade has signed a memorandum of understanding with Paris-listed real estate investment trust Silic on the merger of the two companies. The operation - to be carried out in shares - is expected to create France's largest real estate investment trust by market capitalisation and the largest business park owner in France with a portfolio of over EUR 9 bn.
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).
