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28 May 2012

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PFE COMMENT: Whitehall's LEG takeover

What are important here are two elements: the buyer, who is evidently still keen on German residential assets, and the actual unit price which came in at e570 per sq.m. There remains stronger demand for German housing outside of the country than inside; many Anglo-Saxon investors see the rather strange German housing cycle as offsetting boom and bust in the English-speaking nations....

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