Danske will sell properties one at a time
Danske Bank will sell a batch of Irish properties individually rather than in a single transaction as it had planned.
The Danish lender is winding down much of its Irish operations after suffering major losses in the aftermath of the property crash.
The properties, including residential and commercial assets, will not be sold as a portfolio, said Caroline Douglas, a Dublin-based spokeswoman for the bank.
In addition to selling real estate, the Copenhagen-based company said last week that it will pull out of retail and small-business banking.
Green REIT , the investment firm backed by hedge fund Paulson and Co, said it has exchanged contracts to buy a €126.7 million property portfolio from the Danske Bank. Source: Bloomberg