Real Estate Firm GTC In Talks to Sell Part of German Portfolio

Residential apartment buildings in Frankfurt.

Photographer: Alex Kraus/Bloomberg

Polish real estate developer Globe Trade Centre SA is in talks to sell part of a German residential portfolio it bought less than a year ago.

GTC plans to sell around 45% of the portfolio acquiredBloomberg Terminal from Peach Property, a Swiss-listed real estate company, chief executive officer Malgorzata Czaplicka said in an interview.