Breakingviews on Twitter
Search League Tables

Wednesday, 29 June 2016

UK property vultures could be circling a while

Never the twain shall meet

As borrowers default, the balance sheets of RBS and Lloyds are filling up with unwanted property assets. Equityrich buyout firms like Blackstone would normally be looking to buy. But postbailout, these banks don t have to sell. That will force vultures to swoop elsewhere.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)