From Reuters: Australia-listed property fund manager Valad Property Group said on Thursday it has restructured its European properties business, through the creation of a joint venture with creditor Bank of Scotland.

Valad said it contributed 230 million pounds ($378 million) in UK and European property assets to the 50:50 joint venture, along with 373 million pounds in associated liabilities, and 187 million pounds of net equity in joint ventures and investments……….Full Article: Source