Nationalized property financier Hypo Real Estate (HRE) is expected to unload EUR 180 bn to EUR 200 bn of high-risk assets into a bad bank during the coming weeks, according to a report in German weekly Der Spiegel. That would mean the assets would no longer have to be written off.
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).
