Munich-based Deutsche Pfandbriefbank said on Tuesday it has sold distressed Collateralised Debt Obligations (CDOs) with a notional value of EUR 759 mln to bolster its balance sheet ratios. The portfolio consists primarily of US structured finance assets. The transaction resulted in a small single-digit million euros book gain.
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).
