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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team