Sweden's Kefren Properties said on Wednesday that it has initiated negotiations with a potential investor for a capital injection that will allow it to improve its financial position. The operation comes after the company revealed a breach of its loan-to-value covenant in December, prompted by a sharp drop in the year-end valuation of its assets.
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).
