PropertyEU

Barclays sells $586m loan portfolio

By A staff reporter 2011-03-23T00:00:00

UK bank Barclays has agreed to sell a portfolio of real estate loans to property investment trust CreXus for $586 mln (EUR 414 mln), as part of the bank's plans to divest non-core property assets. The acquisition is expected to close during mid-April 2011.

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