RBS may sell $1.6 billion Spain property portfolio | Reuters: "Spanish commercial property loans add to a 3 billion pound portfolio of British real estate loans also on the block. Private equity firms and specialized investors looking to pick up the assets at a discount would be the likely buyers.
Part-nationalized RBS is attempting to shrink its 'non-core' division and has said it may sell assets.
There were 44 billion pounds of real estate assets in its non-core division at the end of June, down from 63 billion at the end of 2008. At the end of last year 42 percent of the non-core portfolio assets were in Britain, and a quarter were in Continental Europe."
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