French luxury goods group LVMH has announced plans to invest EUR 450 mln to convert the landmark La Samaritaine department store in Paris into a mixed-use complex with a Cheval Blanc hotel. The development is said to be the largest privately funded construction project ever undertaken in Paris.
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).
