Cerberus may sell EUR 1 bn German real estate

By A staff reporter 2007-06-26T00:00:00

US private equity group Cerberus is planning to sell off its residential portfolio in Germany, newspaper Financial Times Deutschland reported, citing a person familiar with the situation. The portfolio, bought for EUR 1 bn in 2005, revolves around some 20,000 flats formerly owned by trade unions. Cerberus, which would be ...

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