Issue 2011 April 05th

This issue was created on 2011-04-05 08:17:00

  • Metro divests 45 stores in mega-German dealApril 5, 2011
Germany’s biggest retailer has undertaken the largest retail real estate sale in the country for four years as it seeks to realise monies from its portfolio. US private investor Cerberus Capital Management has completed the acquisition of a euro1bn real estate portfolio consisting of 45 Metro Cash & Carry properties in Germany from the three major shareholders of Metro, Franz Haniel & Cie, Otto Beisheim and the Schmidt-Ruthenbeck family.
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