The Royal Bank of Scotland (RBS) is planning to convert more of its UK property portfolio by selling another £800 mln (EUR 1.148 bn) of assets in a sale-and-lease-back deal. RBS has hired commercial property consultants Cushman & Wakefield to market a portfolio of 60 buildings, mainly its own offices, including the landmark building on London’s Strand long occupied by its private banking arm Coutts.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
