A Milan court has given the long-awaited go-ahead for the restructuring of Italian troubled real estate developer Risanamento. The court ruled that a EUR 500 mln debt restructuring programme, combined with the issue of EUR 350 mln of convertible bonds, was sufficient to keep the company afloat for the coming months.
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).
