Deutsche Bank's property arm DB Real Estate is planning to sell its Metropolis 1 portfolio of offices in London, Paris and Budapest. The portfolio, owned by DB RE METROPOLIS 1 closed-end fund, was bought for EUR 310 mln three years ago and was originally intended to be hold until 2014/2015. It will now put on the market for an asking price of EUR 400 mln. Global advisor Jones Lang LaSalle is taking over the marketing of the assets.
Deutsche Bank's property arm DB Real Estate is planning to sell its Metropolis 1 portfolio of offices in London, Paris and Budapest. The portfolio, owned by DB RE METROPOLIS 1 closed-end fund, was bought for EUR 310 mln three years ago and was originally intended to be hold until 2014/2015. It will now put on the market for an asking price of EUR 400 mln. Global advisor Jones Lang LaSalle is taking over the marketing of the assets.