Germany's Deutsche Post World Net plans to sell off vacant real estate worth EUR 1-1.5 bn to generate cash and boost its share price, newspaper Financial Times Deutschland has reported. The paper said that the German postal company, headed by CEO Klaus Zumwinkel, has hired Morgan Stanley to organize the sale of the properties.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
