RBS sells 25% stake in property portfolio

ROYAL Bank of Scotland yesterday confirmed that is has sold a 25 per cent stake in a £1.4 billion UK commercial property loan portfolio to a subsidiary of private equity firm Blackstone. The deal forms part of RBS's "Project Isobel" initiative set up to off-load non-core property assets.

By The Newsroom

Published 12th Jul 2011, 22:17 BST

Updated 13th Jul 2011, 23:13 BST

RBS said the "innovative structure" of the deal was designed to allow the bank to "participate in potential future profits of the fund".