DB Real Estate to sell nearly all German properties: report

MUNICH - DB Real Estate, the real estate unit of Deutsche Bank, plans to sell off nearly all its German properties from its open-ended property fund Grundbesitz-Invest, the Financial Times Deutschland reported on Wednesday, citing sources on the sidelines of the commercial real estate trade fair Expo Real in Munich. Investors will be offered a portfolio, code-named 'Mars', which will be worth between EUR 1.5 bn and EUR 2 bn, the newspaper reported.

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