British lender Royal Bank of Scotland has launched a real estate services vertical aimed at high networth clients.
“Real estate services is a referral based offering which will offer a comprehensive range of real estate solutions to high networth clients,” the bank said in a statement.
The bank staff will work with clients, understand their goals and risk appetites, and then help them select a real estate service provider, the statement added.
Product head Anand Moorthy said that investors are looking beyond purchase of premium homes and are also attracted to pre-leased commercial and retail property which creates the need for real estate solutions.
Shiv Gupta, Managing Director, RBS Private Banking, and Director of RBS Financial Services, said real estate occupies for 20-30 of the investment portfolio for a high networth client.