Investment sources have disclosed plans of private equity group Cerberus plans to float its German retail property holdings as a real estate investment trust (REIT).
However, another option for the U.S. based investor could be the listing of the buildings as a normal real estate company, the sources said. The properties are valued at around 2 billion euros ($2.6 billion).
The final decision will be known when the preparations for the initial public offering (IPO) will gain pace later this year, the sources said, with the listing expected as early as the second half of 2013.
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