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Lloyds revs up £180m portfolio sell-off

Lloyds Banking Group has sold 17 UK properties for around £57m from the £180m-valued portfolio the bank appointed LPA receivers on last summer. Included is the £2.9m sale of a Halifax branch in Lincoln, effectively enforcing on its own tenant.
By James Wallace
February 3, 2012 | 6:00 P.M.

The £180m portfolio is comprised of three separate pools of properties across three securitised loans to separate borrowers, issued in a HBOS-issued synthetic CMBS known as Prominent CMBS Conduit No. 2 on 27 June.

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