Issue 2013 July 23rd

This issue was created on 2013-07-23 09:51:00

  • US PE firm snaps up German retailJuly 23, 2013
US private equity firm Cerberus has bought two portfolios consisting of 19 retail assets in Germany in a bid to boost its footprint in the German real estate market. The portfolios were bought in two separate transactions. An affiliate of Cerberus acquired the Phoenix portfolio, consisting of nine shopping centres with a combined floor space of 92,000 sq m, from Wells Fargo.
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