Gecina, France’s largest listed property group, is forecasting a drop in net recurrent income in 2012 after reporting a 4.9% decline last year due to rising borrowing costs. Recurrent net income amounted fell to EUR 310 mln in 2011, but ahead of the company’s own guidance of a decline of 7%.
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).
