Barclays Reviews Property Estate ; Financial Mail

Mail on SundayJune 07, 2004

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Summary


BANKING giant Barclays is considering cashing in on its 22 million square feet global property portfolio.

The UK's third largest bank has launched a review of its entire estate, which includes 4,000 properties in 60 countries, half of which are in the UK under the Barclays and Woolwich brands. The bank has brought in consultancy Jones Lang Lasalle to identify surplus property and come up with strategies to realise value, which could include sale and leaseback or outsourcing projects.

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Barclays Reviews Property Estate ; Financial Mail

The...

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