Some 30% of real estate loans in Central and Eastern Europe are considered to be impaired but lenders in the region still favour restructuring to foreclosure. In 2011 about 10% of property loans suffer from ‘serious impairment’ while a further 21% have ‘minor impairment’ in CEE, according to data compiled by KPMG.
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).
