Wed, 24 Mar 2010 | BUSINESS SALE
Lloyds Banking Group has announced it is planning to sell off large commercial property assets.
The assets were inherited as part of its takeover of HBOS and the sale is in response to an increase in commercial property values in recent months.
Sources close to the bank claim that each property will be valued in excess of £100 million and each will be put on sale within a few weeks.
Lloyds is planning to sell only the best of its properties initially. The commercial properties have come into its ownership after investors breached their loan terms or defaulted on their mortgages.
Average prices for commercial properties have increased by 10 per cent since last summer, with the bulk of the increases being mainly seen in the market for high-end London offices and retail buildings, which are attractive to international investors.
There are no plans as yet for Lloyds to begin selling off its secondary assets - the property that is less desirable.
The announcement is likely to add to concerns voiced recently about the banks swamping the market with poor quality commercial property. The concerns were raised at the annual industry conference, Mipim, which was held in Cannes earlier this week.
Established 25 years, vendors introduced Gas Patio Heaters to the Commercial Sector, which have now become an everyday product. This extremely profitable distribution venture has been successfully supplying the leisure industry with many high-quality...
RELOCATABLE
Founded in 2013, this North West-based online shoe retailer has enjoyed great success –and profits continue to grow. The business’s achievements are down to getting the fundamentals right in online retail: a solid, diverse supply chain; keeping custo...
WEB-BASED
Supplies made-to-measure curtains and roman blinds nationwide. Most revenue comes from e-commerce sales, with a small proportion derived from a showroom at its North Shields premises.
LEASEHOLD
02
|
Jun
|
HVAC manufacturer planning domestic and international M&A growth | BUSINESS SALE
The Carver Group, an international developer, manufacturer a...
01
|
Jun
|
Accountancy firm to target M&A growth after securing PE backing | BUSINESS NEWS
Accountancy business Duncan & Toplis is set to embark on a g...
01
|
Jun
|
Remainder of packaging firm acquired out of administration | ADMINISTRATION
A Mansfield-based packaging business has been acquired out o...
02
|
Jun
|
HVAC manufacturer planning domestic and international M&A growth | BUSINESS SALE
The Carver Group, an international developer, manufacturer a...
01
|
Jun
|
Remainder of packaging firm acquired out of administration | ADMINISTRATION
A Mansfield-based packaging business has been acquired out o...
01
|
Jun
|
Accountancy firm to target M&A growth after securing PE backing | BUSINESS NEWS
Accountancy business Duncan & Toplis is set to embark on a g...
Business Sale Report is your complete solution to finding great 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.