Sunday, July 8, 2007

Goldman,Morgan Stanley eye Allianz property-paper

(Reuters) - Bidders for the properties, Allianz offices the firm
intends to lease back, include German property company IVG
, Australian financial investor Babcock and Brown
and U.S. real estate investor Tishman Speyer. IVG is
seeking property for a real estate investment trust it aims to
list in 2008, the FTD added.




The second tranche of properties, around 2 billion euros of
German shops and offices that Allianz purchased as an
investment, is likely to be sold by August. Bidders include
Goldman Sachs's Whitehall real estate fund and a similar fund
operated by Morgan Stanley.


Read more at Reuters.com Bonds News

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