great news

Great to see Valad as a contender. Just like duke and BoS,
now Lloyds recognise Valad in this area. Re-building company value by selling off expertise instead of hard assets.

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LLOYDS PROPERTY BOSSES LEAVE AS BANK CALLS IN LAND

SECURITIES

Nick Robinson and John Moran are to leave Lloyds Banking Group as it prepares to unwind its 60 billion pound UK commercial property loan book.

Lloyds said the pairs' departure was due to "personal reasons", but comes as the bank attempts to finalise its decision whether to enter the government's Asset Protection Scheme or not.

Lloyds is believed to have established a list of preferred partners - including British Land, Land Securities and Valad - to advise on working out its property portfolio.


http://www.iii.co.uk/news/?type=afxnews&articleid=7588883&action=article