RBS planning to sell £1.6 billion worth commercial real estate loans

RBS May Sell Commercial Real Estate Assets

RBS May Sell Commercial Real Estate Assets

Media reports suggest that the Royal Bank of Scotland is mulling to sell unwanted loans amounting to £1.6 billion from the commercial real estate business segment, advances made during the boom years.

RBS has already started negotiations with private equity groups Blackstone, Lone Star and Starwood Capital and has signed a non-disclosure agreement to initiate the bid process.

Citing unnamed sources familiar with the development, the Financial Times reported that bid values are expected to be much lower than the actual value of the loans.

RBS did not comment on the development.

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