PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Private Mann group buys Oppenheim's 18% in IVG
The privately-held Karsruhe property investor Mann has bought out the 18.4% package of shares in listed real estate firm IVG from Oppenheim family interests - a move that follows the takeover of Sal. Oppenheim bank by Deutsche Bank. Price for the package is subject to a confidentiality agreement. The secretive Mann group, which in the 1990s exited the Germany-wide Mann Mobilia furniture group - and subsequently the Wertkauf chain to WalMart - owns properties across the world with a focus on the US (Texas, New York) and Germany. (See upcoming PIE Editions for full story)