Legal & General Property has refinanced its Leisure Fund with a £71 mln (EUR 83 mln) facility provided by the Royal Bank of Scotland. The facility runs for five years and incorporates the potential to draw down an additional £40 mln for future investment opportunities.
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).
