Deutsche Bank's property arm DB Real Estate is planning to sell its Metropolis 1 portfolio of offices in London, Paris and Budapest. The portfolio, owned by DB RE METROPOLIS 1 closed-end fund, was bought for EUR 310 mln three years ago and was originally intended to be hold until 2014/2015. It will now put on the market for an asking price of EUR 400 mln. Global advisor Jones Lang LaSalle is taking over the marketing of the assets.
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