Search
 

HBOS Appoints Teesland to Manage Portfolio

LONDON-UK bank HBOS has appointed Teesland to manage its tenanted property portfolio of 650 interests

By Anita Howarth | Updated on August 19, 2003

LONDON-UK bank HBOS has appointed Teesland to manage its tenanted property portfolio of 650 interests across the UK

HBOS has spent the past five years aggressively expanding and merging as part of wider consolidation of the sector in the UK. But in the process it has acquired a broadly spread portfolio of offices, shops and industrial interests across the UK.

The decision to outsource the management of this portfolio emerged from a restructuring of the company following the merger of Halifax and Bank of Scotland in 2001. HBOS now has a rent-roll of £26 million ($41.3 million) and the outsourcing of management will free up staff to concentrate on operational properties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.