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Gagfah acquires properties in North-Rhine Westphalia (4300 Wohnungen verkauft).

Europe Intelligence Wire

| January 18, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Suddeutsche Zeitung)

German property company LEG Landesentwicklungsgesellschaft Nordrhein-Westfalen has sold around 4,300 residential properties to US investment company Fortress. In a joint statement, the companies announced that Gagfah, the property subsidiary of Fortress, had taken over the properties at…

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