US investor Lone Star has reached an agreement to buy a portfolio of 1,300 real estate assets from Deutsche Post World Net in a cash transaction worth EUR 1bn. Most of the assets are in Germany. Deutsche Post World Net said it was divesting the real estate assets as part of its 'Roadmap to Value' capital markets program presented in November. The German group had already disposed of EUR 350mln of real estate since the introduction of the programme.
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