French residential property company Foncière Développement Logements (FDL) had completed financing with two German banks for an amount of EUR 568 mln. The company said the financing allows it to repay the full balance of its securitised debt in Germany. Backed by a portfolio of approximately 17,000 homes and an average duration of 7.5 years, this new financing has been signed at the fixed rate of 3.6%.
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).
