Bank of Queensland has decided not to proceed with the sale of  a A$230 million portfolio of impaired commercial property loans that it had placed on the market in February. BOQ told the Australian Securities Exchange yesterday that "the discount sought by the distressed markets did not offer BOQ sufficient value." According to the Australian Financial Review, BOQ received bids from the Goldman Sachs Special Situation Fund and a consortium that included Deutsche Bank and Varde, a United States hedge fund.