Hatfield Philips, Europe's largest independent primary and special servicer, announced on Wednesday that the £1.2 bn (EUR 1.3 bn) Four Seasons Healthcare care homes (Four Seasons Loan) had been successfully restructured. In total, over 30 parties had to agree to the restructuring which took 15 months of hard negotiation and follows the failure of the initial negotiations between Four Seasons and its creditors.
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).
