Troubled Central European developer Orco Property Group said that discussions with Colony Capital about a EUR 80 mln equity injection have terminated as Orco failed to secure a refinancing agreement with its banks. Orco started negotiating with the American investment company last April.
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).
