Lloyds Banking Group has put up to £100 million worth of luxury rental property across the U.K. up for sale in a move to speed up the disposal of assets inherited from the Bank of Scotland.
Many of the properties include those originally bought by HBOS-backed development firm Heritor, some of which are Scotland's most prestigious addresses, including Edinburgh's India Street, according to The Scotsman newspaper.
Lloyds is also rumored to be selling two other high-profile portfolios owned by letting agent Grant Management, whilst residential prices are relatively stable.
Speaking to Building and Commercial, Peter Grant, chief executive of Grant Management, mentioned that he was unaware of plans to sell the properties on the open market at the moment and that they were trading as normal.
There were similar revelations last week when Lloyds announced its intention to sell a development site at 110 Queen Street in Glasgow, formerly HBOS offices.
The site had been earmarked by Australian firm Valad for a £40 million development scheme that would transform it for retail and office use, but was left redundant due to recessionary pressures.