Sunday, Sep 12, 2010
While Martin Ellis trots out the HBOS party line, look at what they're actually doing!
The Scotsman: Lloyds starts £100 million property sale
"UP TO £100 million worth of luxury rental properties bought by HBOS-backed development firm Heritor's during the boom years have been put up for sale as Lloyds Banking Group accelerates its disposal of property assets inherited from Bank of Scotland."
But why would they do such a thing now that the market has 'stabilised'?
"It is understood that those responsible for processing property interests at Lloyds are keen to deal with assets and holdings now while residential prices are favourable.
One source said: "Residential prices are static but static might be looking really good in six months.""
Posted by luigi @ 01:46 PM (215 views) Add Comment
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