HSH Real Estate has acquired a 50% stake plus one share in Hamborner and is offering to buy the rest of 8.3 million shares at between EUR 32.17 and EUR 32.50 per share. This second step would cost EUR 267 mln. Hamborner's principal activity is the acquisition and management of land and property and HSH Real Estate, a unit of HSH Nordbank, said Hamborner currently has a property portfolio of more than 50 property sites in Germany.
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