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Property News

RBS to wind down West Register and sell assets
The Royal Bank of Scotland is to wind down and sell the contents of its controversial West Register property division.
Leslau’s £1.5bn ride
Madame Tussauds, Alton Towers, Thorpe Park, Warwick Castle and hospitals to form part of £1.5bn listed vehicle.
Tomlinson allegations report gives RBS clean bill of health
An independent report into the conduct of the Royal Bank of Scotland’s Global Restructuring Business has ruled out any wrongdoing by the department, Property Week can reveal.
Gordon and Adams to remain in post at RBS
Royal Bank of Scotland has confirmed that Helen Gordon, global head of Global Restructuring Group Real Estate Asset Management, and Aubrey Adams, head of property in GRG, will remain in post despite plans to wind down West Register and sell off assets.
Towie star buys Essex hotel
The Only Way is Essex star Michael Norcross has acquired the leasehold of the Grand Hotel in Leigh-on-Sea and plans to turn it into a boutique West End-style hotel.
First £150m tranche of Noé portfolio for sale
The first tranche of assets from the Noé portfolio which went into administration in February will be put up for sale for around £150m.
Receivers appointed on £200m City asset
The National Asset Management Agency has appointed receivers on Shieldpoint’s 80 Fenchurch Street in the City of London.
UK housing market growth fuelled by lack of stock
Transactions in the UK’s housing market remain below the long term average, despite a pick-up in demand, according to the latest figures from CBRE.

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