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Lloyds Bank to Sell London Hqs

Lloyds Bank to Sell London HqsLloyds Bank to Sell London Hqs

Lloyds Banking Group is poised to sell off its London headquarters in a sale-and-leaseback deal that would take advantage of a property market buoyed by an influx of Chinese buyers, Yahoo reported. The plan comes as Asian investors drive prices for London office assets to fresh highs. Lloyds is preparing to bring the building to the market but has not yet done so, according to two people briefed on the situation. The UK lender could make £140 million to £150 million ($180.6-193.5 million) from such a deal.

 

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