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Aviva prepares £2.5bn final clean up trade of legacy UK commercial mortgages

Aviva is to launch its final clean up legacy commercial mortgage loans sale next week with the offer of a major £2.5bn UK portfolio sale, in a trade which is expected to achieve an above par sale price.
By James Wallace
May 20, 2015 | 7:16 P.M.

The UK commercial mortgage loan portfolio is broadly 50:50 split performing and non-performing, with all the NPLs still in loan form which are either in administration or fixed charge receivership.

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