PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Berlin housing firm GSW launches E517m IPO
Berlin housing firm GSW aims to raise fresh capital of about E115m in an IPO, with the share price to be set at E19-E23 to target total volume of E517m. It values the 48,000 portfolio at over e1bn. The move comes 11 months after its first attempt was disrupted by stock market volatility. Stakes of major owners Cerberus and Goldman Sachs' Whitehall Funds will be cut to a combined 50%.