The Government is set to sign a deal offloading £5bn worth of mortgages from collapsed lenders as early as tomorrow, as it ramps up sales of taxpayer-backed assets.
It is thought Pacific Investment Management Co, known as Pimco, will be buying the loan-book which had also attracted interest from other hedge funds.
News of the expected deal was first reported by Sky News.
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Including:
Newcastle is home to the first quarter’s biggest deal with DWP’s 170,000 sq ft pre-let
Peter Bill on the “impending damnation of property portals”
Agency’s top team says firm will be more resilient now than in the GFC
Majority of boroughs did not start a single residential development in the first quarter of this year
