Lloyds Banking Group to accelerate its non-core property disposals

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Lloyds Banking Group, under the leadership of its new CEO Antonio Horta-Osorio, is planning to accelerate its “disciplined reduction in non-core assets,” it said this morning. The part-nationalised bank, in a stock exchange announcement, said it will continue “to divest … Continue reading →

Second round bids due in tomorrow for Lloyds’ Flagstaff portfolio

A shortlist of three property companies for the Lloyd’s 38-strong Flagstaff portfolio will submit second round bids tomorrow. The mixed sector portfolio, which was initially valued at £63m and comprises secondary properties across England and Wales, is expected to sell … Continue reading →