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13 February 2012

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Germany's Commerz targets E2bn for property in 2010

Commerz Real, the German real estate fund manager belonging to the Commerzbank group, is likely to deploy equity capital into property of around E2bn this year, said a top official. Commerz Real board member Hans-Joachim Kühl told the CIMMIT conference in Frankfurt that the group will target 20%-25% in Germany and 50%-60% the rest of Europe. (See upcoming PIE editions for full story)

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