Reuters - TAG, Lone Star Set to Buy TLG Real Estate

German real estate group TAG Immobilien and private equity investor Lone Star are likely to buy a portfolio of properties that the German government is selling, Reuters reported Wednesday. TAG looks set to pay around 500 million euros ($653 million) to acquire the 12,000 flats of state-owned TLG Immobilien, while Lone Star is likely to scoop up 300 commercial properties for slightly over 1 billion euros, they added. The two groups outbid trade rivals like KWG Kommunale Wohnen and investors like Blackstone and Cerberus.

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