US private investor Cerberus Capital Management (Cerberus) has completed the acquisition of a EUR 1 bn 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. The deal, which was tipped by PropertyEU early last month, is one of the largest property transactions in the country since 2007.
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