Deutsche Annington: Sale to Gagfah planned?
According to information from the news magazine Der Spiegel, the financial investor Terra Firma is considering the sale of its residential property company, Deutsche Annington, to Gagfah. “It would be a dream solution for both firms,� the Terra Firma head, Guy Hands, was quoted as saying. With a sale, the largest European residential concern would emerge with 400,000 units. Gagfah and Fortress Deutschland GmbH, of which around 80% belongs to Gagfah, wanted to remain mute about the reports.