Fordgate, the private property company of UK businessmen Moises and Mendi Gertner, is in loan restructuring negotiations with its lenders after defaulting on interest payments for a EUR 700 mln securitised senior loan.
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).
