Patrizia-led JV acquires LBBW portfolio for EUR 1.4b

By A staff reporter 2012-02-14T00:00:00

A consortium led by German listed property company Patrizia is acquiring 21,000 residential units in Germany for EUR 1.4 bn. The consortium emerged ahead of buyout firms Blackstone and Cerberus, and a local consortium including the city of Stuttgart, in the race to buy the portfolio from Germany's biggest public-sector ...

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