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Lloyds offloads Australian loans to MSREI and Blackstone at 52% discount

Lloyds Banking Group has agreed to sell an £809m portfolio of non-performing Australian corporate real estate loans at a 52% discount to a joint venture of Morgan Stanley Real Estate Investing and Blackstone funds.
By James Wallace
June 6, 2012 | 11:42 AM

MSREI and Blackstone paid £388m for the portfolio, according to a stock market announcement this morning, with the acquisition supported by Deutsche Bank loan on loan financing, according to Reuters Hong Kong report over the weekend.

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