ROYAL Bank of Scotland is seeking buyers for homes in one of London's most expensive areas as part of its attempt to recover a total £30 billion of bad property loans left in its hands after the credit crunch.
The part-nationalised lender is half-way through selling a portfolio of 15 properties on Grosvenor Crescent in Belgravia, which it took over three years ago when developer Zegna III went into administration.
Prices of the homes range from £9 million to £45m and RBS, whose specialist turnaround vehicle West Register is overseeing the portfolio, hopes to recover £140m from their sale.
Please enable cookies in your browser to display the rest of this article.