Barclays Capital is reported this morning to be planning the sale of more than €1bn worth of German apartments.
That would be one of Europe's largest residential property deals since the start of the financial crisis, the newspaper adds.
However, it also coincides with the asset disposals announced by other firms in the financial sector, such as Old Mutual, who yesterday announced that it will sell its Skandia unit for £2.1bn.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The Times is also out this morning with a report about Deutsche Bank's intention to sell its global asset management business for €2bn.
Nonetheless, the FT seems to be attributing the move by Barclays to the bank's desire to get ahead of tighter regulatory oversight of commercial property lending, which could see the cost of loans to the sector rise significantly.
AB
-
AI will maintain Moody’s market leadOpinion Veteran data provider Moody's has adapted well to the modern world, and is one of Warren Buffett’s longest-held investments
-
Larger homes drive house price growth – HalifaxThe average cost of a house in Britain is more than £10,000 higher than last year, according to the latest house price index
