Spanish property company Reyal Urbis is planning to 'temporarily' halt most of its development activities as part of a new debt refinancing proposal with creditor banks. In a statement last week to the Spanish stock market regulator CNMV, the company said that the measure is part of its strategy to reduce costs. Projects in an advanced stage of development will be continued, it added.
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).
