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(From Suddeutsche Zeitung)
US investment company Fortress is planning to float German property companies Gagfah and Nileg in 2006. The US company is to bring the two companies together under one holding and then carry out an IPO. Structures and processes at the two companies are to be harmonised and the management team is currently being reorganised. Together, Gagfah and Nileg will have around 110,000 rental properties.
Fortress also plans to increase the number of properties…