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RBS looking to sell Docklands tower properties - report


Published :
Tue, 22 May 2007 07:15
By : Agencies
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LONDON (Thomson Financial) - Royal Bank of Scotland Group PLC is considering a sale of two of its Canary Wharf properties, the Telegraph reported, citing sources.

RBS has hired investment bank Lazard to look at a sale of the Citigroup tower and the Bank of America tower, which may fetch the bank as much as 1.5 bln stg.

If the sale happens, RBS would be the second bank in a month to sell a property in Canary Wharf after HSBC Hldgs PLC sold its tower there to Spanish property company Metrovacesa SA for 1.1 bln stg.

alexander.ferguson@thomson.com

af/vs/vs

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