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Ulster Bank launches €1.7bn Project Aran non-performing loan portfolio

Ulster Bank, the subsidiary of Royal Bank of Scotland, has launched the sale of its third Irish non-performing real estate loan portfolio, the €1.7bn Project Aran.
By James Wallace
September 3, 2014 | 6:24 P.M.

Project Aran is comprised 411 connections is secured by 315 properties, including more than 1,150 residential units, 1.1m sq ft of office and retail space, 1.1m sq ft of industrial and 1,550 acres of land.

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