Banking group Lloyds has begun the process of selling its EUR 360 mln portfolio of Irish real estate loans, it has been reported. The Financial Times said that Lloyds received first round bids in the process known as Project Prince at end-March.
Banking group Lloyds has begun the process of selling its EUR 360 mln portfolio of Irish real estate loans, it has been reported. The Financial Times said that Lloyds received first round bids in the process known as Project Prince at end-March.
The loans relate to office and retail properties across Ireland.
The Financial Times said that US private equity firm Lone Star and the joint venture between TPG, another US-based private equity firm, and Green Properties had looked at the portfolio before deciding not to lodge bids.
The bank declined to comment on the newsletter report.
The full story appears in the subscriber-only property section of the Financial Times website.
