Mon, 13 Sep 2010 | BUSINESS SALE
In a sign that Lloyds Banking Group is accelerating its disposal of property assets inherited from HBOS, up to £100 million worth of rental properties in Scotland have been put up for sale.
The 300 luxury properties, which were bought by HBOS-backed development firm Heritor's during the boom years, are located at some of Scotland's most sought-after spots, including Edinburgh's prestigious India Street.
The high-profile portfolio of properties has been in the hands of administrators at PricewaterhouseCoopers since Heritor's filed for administration early last year.
It is one of the many Scottish property firms supported by Bank of Scotland prior to its takeover by Lloyds and was well-known for its high-end dealings, buying up apartments in chic roads including Abercromby Place in Edinburgh's New Town.
Alongside the selling off of these properties, more than 700 further properties across Dundee, Edinburgh, Glasgow, Stirling and Manchester may also be coming up for sale. A commercial property consultancy has been lined up to advise on these portfolios, which are said to include flats let mainly to students.
This latest news follows an announcement last week that Lloyds has put 110 Queen Street, a key development site in one of Glasgow's most important conservation areas, up for sale. Previous plans for the site included a mixed-use office and retail development.
This a unique opportunity to acquire a thriving business in the growing telecare market, providing 4G personal alarms with a 24/7 monitored emergency response for the elderly and vulnerable.
RELOCATABLE
This established and ready-to-scale e-commerce furniture business offers unique design-led mid-market products and boasts strong relationships with major UK retailers.
This is a rare chance to acquire a thriving Italian restaurant in a prime Liverpool city centre location, known for its authentic cuisine and warm atmosphere that keeps customers returning.
LEASEHOLD
Looking for more businesses? Try our off-market tool.
|
09
|
|
Oct
|
NCP acquired out of administration by Martin Property Group | BUSINESS SALE
National Car Parks (NCP), one of the UK's largest parki...
|
09
|
|
Oct
|
VMH expands into commercial property with Orme Law deal | BUSINESS SALE
Edinburgh-based VMH Solicitors has acquired Falkirk commerci...
|
09
|
|
Oct
|
Rotherham accountancy practice merges with professional services firm | MERGER
An accountancy practice based in South Yorkshire has merged ...
|
09
|
|
Oct
|
Rotherham accountancy practice merges with professional services firm | MERGER
An accountancy practice based in South Yorkshire has merged ...
|
09
|
|
Oct
|
VMH expands into commercial property with Orme Law deal | BUSINESS SALE
Edinburgh-based VMH Solicitors has acquired Falkirk commerci...
|
09
|
|
Oct
|
NCP acquired out of administration by Martin Property Group | BUSINESS SALE
National Car Parks (NCP), one of the UK's largest parki...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.