Forbes - June 29, 2007
German savings bank Hamburger Sparkasse (Haspa) said it is selling 118 properties to two funds managed by US investment firm Strategic Value Partners in a sale-and-leaseback deal, confirming earlier reports. No financial details were disclosed.
Financial Times Deutschland earlier cited market sources as saying Strategic Value Partners will pay 400-500 mln eur for the properties. Haspa said it will retain important buildings such as the headquarters and the regional centers.
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