PropertyEU

Helaba shelves IPO for residential unit

By A staff reporter 2007-02-26T00:00:00

German bank Landesbank Hessen Thuringia (Helaba) has confirmed it has put the idea of floating its residential real estate subsidiary GWH on ice, but it did not elaborate on its reasons for the decision. GWH administers 50,000 dwellings, including 40,000 in its own portfolio, and had a turnover of EUR ...

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