(The following is a reformatted version of a press release
issued by RREEF Real Estate and received via electronic mail.
The release was confirmed by the sender.)
London 20 February 2013
RREEF Real Estate enters exclusive negotiations in the sale of
its stake in Printemps, France
RREEF Real Estate, the real estate investment business of
Deutsche Bank’s Asset & Wealth Management division, announced
today that it has entered into exclusive negotiations with the
Borletti Group in association with Qatari investors, for the
acquisition of its stake in Printemps.
The acquisition is subject to Works Council approval and the
French Anti-trust authority.
RREEF Real Estate purchased Printemps in 2006 from the PPR group
in association with the Borletti Group.
France Printemps is a group of department stores specialising in
fashion, beauty and decorative items with an excellent
reputation both in France and abroad, due mainly to its flagship
store on boulevard Haussmann in Paris.
About RREEF Real Estate
RREEF Real Estate is the real estate investment business of
Deutsche Bank’s Asset & Wealth Management division. During the
past 40 years, RREEF Real Estate has built a leading real estate
investing business, with approximately 500 professionals located
in 22 locations around the world and €41.0 billion in assets
under management as of September 30, 2012. RREEF Real Estate
employs a disciplined investment approach and offers a diverse
range of strategies and solutions across the risk/return and
geographic spectrums, including core and value-added real
estate, real estate and infrastructure securities, real estate
debt and opportunistic real estate. RREEF Real Estate aims to
deliver superior long-term risk adjusted returns, preservation
of capital and diversification to its investors, which include
governments, corporations, insurance companies, endowments, and
retirement plans worldwide. To learn more about RREEF Real
Estate, go to www.rreef.com.
For further information, please call: Deutsche Bank Nick Probert
Media Relations +44(20)754-71605
Issued by press department of Deutsche Bank AG
Winchester House, 1 Great Winchester Street,
London, EC2N 2DB
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