Deutsche Bank Sells Frankfurt Towers to DWS
Deutsche Bank announced that it will sell its two Frankfurt towers to DWS, the mutual fund arm of Deutsche Bank's Asset Management division. The buildings will comprise the assets of a "closed-end real estate fund" that DWS will launch in mid-May and will be available "exclusively" to Deutsche Bank private investors. Deutsche Bank has been renovating the towers over the last three years to make them more energy-efficient.
BST's Analysis:
This is a bit off subject, but we hear that hedge fund
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