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28 May 2012

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Protego-Cornerstone target E50m at German retail

The recent takeover of UK investment manager Protego by US-based Cornerstone has strengthened its ability to expand the German portfolio and its Protego German Retail Fund has E50m of equity capital available to invest in German retail real estate. The group said it is looking for deals in all German sub-markets with preferred regions being Hamburg, Rhine-Ruhr and southern Germany. (See upcoming PIE Editions for full story)

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