Lloyds’ loans set for €300m buyout

US investment firm Kennedy Wilson is being heavily linked with a bid in the region of €300m for the Irish loan portfolio of Lloyds Banking Group.

The company — part of the five-strong consortium which invested in Bank of Ireland earlier this year, thus cutting the Government’s stake in Bank of Ireland from 42% to 15% — has been active in the Irish market in recent months.

In August, Kennedy snapped up the Brooklawn House office block in Ballsbridge, Dublin 4.