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IC real estate merger to create EUR 10bln platform

Posted on 16 September 2010

From Propertyeu.info: Munich-based IC Real Estate Group has merged with PropertyOne, the asset and property manager with an international clientele. The company is in charge of a commercial property portfolio located throughout Germany which is jointly owned by Cerberus.
The financial basis of the merger is an in-kind investment in return for an increase in capital. As a result, PropertyOne’s shareholders will receive a 7% stake in IC Immobilien Holding……………………………………….Full Article: Source


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