Pirelli RE, GAGFAH, and Deutsche Annington are interested in buying a portfolio of 31,000 German residential units from Blackstone, newspaper Financial Times Deutschland (FTD) has reported. The portfolio is spread across the Schleswig-Holstein, Bremen and North Rhine-Westphalia regions.

Pirelli RE, GAGFAH, and Deutsche Annington are interested in buying a portfolio of 31,000 German residential units from Blackstone, newspaper Financial Times Deutschland (FTD) has reported. The portfolio is spread across the Schleswig-Holstein, Bremen and North Rhine-Westphalia regions.

Blackstone, the US private equity investor, bought the RSE Grundbesitz portfolio from the real estate company WCM in December 2004 for EUR 1.4 bn, which comes to EUR 700 per m2. FTD said that Blackstone may now receive as much as EUR 900 per m2 from the sale.