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Macquarie to Spin Off €11.4 Billion of Core Real Estate

Asset Manager Creates Manova Partners
The new firm's headquarters will be in Munich. (Getty Images/iStockphoto)
The new firm's headquarters will be in Munich. (Getty Images/iStockphoto)

Macquarie Asset Management said it plans to spin off the majority of its existing activities in core and core-plus real estate.

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