Sunday February 23, 2020

Lloyds Irish portfolio bought at 83 per cent discount

Kennedy Wilson Europe and Deutsche Bank have bought a major part of Lloyds Irish commercial property non-performing loan portfolio, paying around €61 million.

16th June, 2012

Kennedy Wilson Europe and Deutsche Bank have bought a major part of Lloyds Irish commercial property non-performing loan portfolio, paying around €61 million.

The purchase price, for loans originally valued at around €360 million, reflects an 83 per cent discount on the banking group's portfolio of property, The joint venture equity bidders paid around 17 cents in the euro for the non-performing loans in a cash-only deal.

Project Prince - the name given by Lloyds to the...

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