Gagfah, the European real estate company majority-owned by US-based Fortress Investment Group, has sold 1,244 apartments in Bocholt, Western Munsterland to German residential property company LEG NRW. The financial details were not disclosed.
Gagfah, the European real estate company majority-owned by US-based Fortress Investment Group, has sold 1,244 apartments in Bocholt, Western Munsterland to German residential property company LEG NRW. The financial details were not disclosed.
LEG will take over the mangement of the properties in January 2013. It will then manage more than 91,000 homes, almost exclusively in North Rhine-Westphalia.
