The Municipality of Florence is seeking to sell EUR 500 mln worth of real estate in an attempt to free funds for investment in infrastructure. The disposal has already been approved by the city council, and is awaiting the final go-ahead by a council of municipality advisors.
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).
