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Gagfah confirms €1bn refi as BAML eyes CMBS exit

Gagfah, Germany’s second-largest property company by market value, has confirmed this afternoon plans to scrap the sale of its €1.7bn-valued Woba German multi-family portfolio, and seek a €1bn five-year debt refinancing.
By James Wallace
February 4, 2013 | 11:00 P.M.

While Gagfah has not confirmed the identify of the lender in its statement, this has been widely-reported as single bank deal with Bank of America Merrill Lynch (BAML).

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