News

RREEF buys BauBeCon in joint deal

27 July 2007

Deutsche Bank’s real estate arm RREEF and Italian company Pirelli have bought German residential property company BauBeCon for €1.7bn (£1.1bn) from US private equity fund Cerberus. BauBeCon owns 27,000 flats in Berlin, Hanover and Magdeburg.

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