RBS bad bank to sell £250m resi portfolio in ‘Project Maison’

Europroperty has reported that RBS is selling a £250m large residential portfolio that it brought back from borrowers through its West Register asset management division.

Codenamed ‘Project Maison’, Savills has been appointed to sell the portfolio of 1,500 plus residential units across the UK. It has been said that this sale could go for £250m.

Read the full article in Europroperty here 

It will be interesting to know how much RBS paid for this portfolio and how much they are going to make from it.