US investment firm Lone Star said it is interested in HVB Group AG´s real estate assets, following HVB´s announced plan last week to spin off its real estate portfolio worth about â¬15 bln into a new division, the Süddeutsche Zeitung reported.
'The HVB portfolio is very interesting and our appetite (for real estate) is unlimited,' Lone Star Germany head Karsten von Koeller told the paper.
Separately, the Financial Times reported on its website that Lone Star is looking to buy a German bank. It said Lone Star seeks a target with about â¬10 bln in assets.
In September, Lone Star bought real estate from HVB worth â¬3.6 bln.
www.efreeman.co.uk
Source: Freeman
