Kennedy Wilson wins Project Forth as Lloyds readies £500m Project Wagner

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Kennedy Wilson and Deutsche Bank have won Lloyds Banking Group’s Project Forth paying a greater than 50% discount for the £778.6m outstanding debt, bringing to an end a prolific year for the bank in commercial real estate non-performing loan portfolio … Continue reading →

Lloyds assembles €850m Project Chamonix NPL

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Lloyds Banking Group has assembled the €850m predominantly German Project Chamonix non-performing loan portfolio, as the de-leveraging bank continues to utilise NPL portfolio sales as the most effective way to industrialise its legacy commercial real estate lending exit. Project Chamonix … Continue reading →

Four shortlisted for Lloyds’ £778m Project Forth (updated)

Lloyds Banking Group has shortlisted four parties for its third UK non-performing loan (NPL) portfolio – the nominally-valued £778.6m Project Forth, CoStar News understands. The shortlisted parties, who are understood to have been informed last Friday, are Kennedy Wilson and Deutsche … Continue reading →

Lloyds prepares to sell £700m Project Forth UK NPL

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Lloyds Banking Group is preparing to sell its third UK non-performing loan (NPL) portfolio, the nominally-valued £700m Project Forth, as the deleveraging bank continues to favour bulk portfolio sales of defaulted commercial property loans, CoStar News can reveal. CoStar News understands … Continue reading →