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Grainger exits majority of remaining German portfolio

Grainger has sold the majority of its remaining German residential property portfolios to the listed German residential investment company, LEG Immobilien AG, for a gross consideration of c.€53.0m (c.£42.4m). The portfolio was previously valued at c.€56.3m (c.£45m). The transaction will generate a loss of c.€3.7m including fees, which will be…

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