Brack Capital Real Estate is one of three finalists in the tender to buy the property portfolio of Germany's Landesentwicklungsgesellschaft (LEG), owned by the State of North Rhine-Westphalia, according to a newspaper report. If the company wins the tender it will pay EUR 3.4 bn for the portfolio of 93,000 rental apartments in the state.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
