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28 May 2012

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Bids said at E1.5bn for German LBBW housing

One of the largest real estate portfolios to be sold in Germany since the global crisis, a block owned by the Stuttgart-based Landesbank LBBW which includes 50,000 home units, has attracted around five bidders, including listed Berlin group Deutsche Wohnen and at least one consortium of urban housing firms. Price is said to be around E1.5bn and financial bidders are also welcome.

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