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Lloyds enforces on own landlord in Halifax branch sell-off

Lloyds Banking Group has sold eight of a 15-strong portfolio of provincial Halifax Bank high street branches for £25.8m, enforcing on its own landlord after the securitised debt defaulted last summer.
By James Wallace
May 8, 2012 | 7:00 P.M.

Grant Thornton, as LPA receiver, has managed the sales in which seven of the eight Halifax bank branches co-owned by D2 Property Management and the Scott Portfolio Unit Trust, two vehicles controlled by David Arnold and Deirdre Foley through their D2 Private property company were closed over the first quarter at £23.46m, at a 9% discount to last June’s £22.92m valuation.

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