EGTV: banking chiefs predict more asset sales but not 'tsunami'
     

Mike Phillips

24/09/2009

The UK's two largest property lenders have said that the number of assets they brought to the market for sale would increase - but that there would not be a flood of forced sales.

Speaking at the EG Investment Summit yesterday, Nick Robinson, managing director of real estate corporate banking at Lloyds Banking Group and Stephen Eighteen, head of global property restructuring at Royal Bank of Scotland, said that while issues surrounding income would increase in the next few years, there would not be a raft of administrations.

 

 

Source: Estates Gazette(www.egi.co.uk)

 

  

 

 

 

 

 

 

 

 
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