Pirelli RE, GAGFAH, and Deutsche Annington are interested in buying a portfolio of 31,000 German residential units from Blackstone, newspaper Financial Times Deutschland (FTD) has reported. The portfolio is spread across the Schleswig-Holstein, Bremen and North Rhine-Westphalia regions.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
