Royal Bank of Scotland (RBS) has designated 52% of its £87 bn (EUR 102 bn) commercial real estate lending portfolio as 'non-core' which is earmarked for repayment or sale by 2014. The financier reduced its overall loan book by about 11% last year from £98 bn (EUR 115 bn) in 2009.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
