Bank of Ireland and Allied Irish Banks have urged their shareholders to back proposals to sell toxic real estate loans to Ireland's new bad bank scheme. The banks estimate they could receive a combined total of EUR 28 bn if the National Asset Management Scheme, or Nama, applies a discount averaging 30% to the face value of the loans.
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).
