PropertyEU

Lloyds to take loss of £350m on real estate debt - report

By A staff reporter 2011-10-11T00:00:00

Lloyds Banking Group has received initial bids of around £650 mln for a commercial property debt portfolio with a face value of £1 bn, according to a news report in the Financial Times. If the deal goes through, the bank would be looking at a discount of 35% in what ...

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