Greifswald: Two bidders for municipal apartment firm WVG
The city of Greifswald intends to sell 49.9% of the shares in the municipal apartment company (WVG). According to mayor Arthur König, two bidders—a property corporation belonging to a major bank, and a North German residential firm—have submitted bids amounting to approximately €60mn. WVG owns about 10,000 apartments and manages a further 1,500 for third parties. The city council, König says, will make its decision either on June 30 or at a special meeting on July 8.