The Berlin city council has shelved its plans to sell its real estate management firm, Berliner Immobilien Holdings, Property Week News reports. The council was in discussion with U.K. property fund, Altyon Partners, for the sale.
The city will continue to attempt to sell the company it bought from state-backed lender, Bankgesellschaft Bellin in 2002, adds Reuters. Berliner Immobilien Holdings owns $4 billion worth of property.
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