Tesco BL Properties (TBL), a 50/50 joint venture between British Land Company and supermarket giant Tesco has completed the refinancing of its retail portfolio with a new £315 mln (EUR 352 mln) five-year term loan. The funds were used to repay TBL's existing bank loan on its scheduled maturity date.
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).
