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Marathon wins Lloyds' Project Aberdonia

Marathon Asset Management has won Project Aberdonia, the Lloyds Banking Group Continental European commercial property loan portfolio, paying €280m.
By James Wallace
March 20, 2014 | 12:29 P.M.

The 280m price, which translates to £235m, reflects a 52.5% discount over the 590m (£494m) nominal value and a 1m premium on the 279m desktop valuation prepared by CBRE for the loan sale.

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News | Marathon wins Lloyds' Project Aberdonia