Spanish property company Metrovacesa has reportedly asked for a further extension on the £230 mln (EUR 292 mln) the company is due to pay to insurance group Legal & General. According to the Financial Times, the Madrid-based company has a deadline on October 31 to pay the remainder for the 100,000-m[sup]2[/sup] Walbrook Square development it acquired in the City of London last year for £240 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
