French office landlord Fonciere des Regions (FdR) posted higher-than-expected earnings of EUR 5.23 a share in 2011, partially attributable to a tax reduction in its Italian real estate arm and lower borrowing costs.
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).
