Royal Bank of Scotland is poised to book a loss of several hundred million pounds after being forced to take back the keys on £1.8 bn (EUR 2.1 bn) in German properties bought by a fund run by Morgan Stanley, according to an unconfirmed report in the Financial Times.
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).
