French property company Icade is close to acquiring Morgan Stanley's Paris-based property investment arm Compagnie La Lucette, French newspaper La Tribune has reported, without quoting sources. La Lucette is 94.7%-owned by the US bank and has a market capitalisation of some EUR 270 mln at present.
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).
