The Royal Bank of Scotland is set to sell some £900 mln (EUR 1.3 bn) in property assets in the UK to help finance its takeover of Dutch lender ABN Amro Holdings, the Financial Times reported.

The Royal Bank of Scotland is set to sell some £900 mln (EUR 1.3 bn) in property assets in the UK to help finance its takeover of Dutch lender ABN Amro Holdings, the Financial Times reported.

The list of properties up for sale includes the headquarters of Coutts, the Queen's banker. The newspaper said that RBS has approached a number of potential buyers for the properties, which it wants to dispose of through a sale-and-leaseback. The report of property sales comes just days after RBS announced the £ 1.3 bn sale of its stake in Southern Water to a consortium led by JPMorgan Chase.

As it seeks liquidity, the bank is also looking at selling Angel Trains, its leasing business that is valued at about $4 bn (EUR 2.8 bn) as well as a group of hotels worth £650 mln, the newspaper reported. The sale of these assets would help finance the EUR 70-bn consortium bid it is leading for ABN Amro, which went unconditional last week.