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Lazards appointed to sell Corpus Sireo

Corpus Sireo, the largest German real estate asset manager, has been put up for sale by its three savings bank owners in a sale process which is expected to fetch over €300m, as the country’s asset management market continues to consolidate, CoStar News can reveal.
By James Wallace
February 21, 2014 | 8:45 P.M.

Sparkasse KölnBonn, which owns 50%, and Stadtsparkasse Düsseldorf and Frankfurter Sparkasse, which each own 25%, have appointed Lazards in Germany to sell Corpus Sireo, which manages 15.6bn in assets under management, in a sale process dubbed Project Venus.

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