German LBBW Starts Sale of Property Portfolio – conwert Interested

Lifestyle & Travel › Personal Real Estate ♦ Published: July 13, 2011; 18:34 ♦ (Vindobona)

An acquisition of the real estate portfolio is not affordable for the Austrian group. However, it might enter a partnership and take over the asset management.

German LBBW Starts Sale of Property Portfolio – conwert Interested / Picture: © Vindobona.org

German Landesbank Baden-Württemberg (LBBW) has now officially started the sale of its real estate assets. The portfolio consists of 21,500 apartments in the southwest of Germany and has an estimated value of € 1.5bn. The mandated investment bank Leonardo & Co. has sent information material to potential buyers. LBBW announced an ambitious schedule: due diligence will start in fall…

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