SEB Seeks Berlin Property Stake Sale

SEB is seeking to sell 50% of the Potsdamer Platz, Berlin’s biggest property development.

SEB is seeking to sell 50% of the Potsdamer Platz, Berlin’s biggest property development, Bloomberg reports. Bank of America Merrill Lynch unit is advising the lender on the deal. SEB purchased Daimler’s share of the Potsdamer Platz real-estate assets for approximately €1.4 billion in February 2008. The Swedish financial group for corporate customers plans to sell real estate valued at €1.5 billion in Berlin.

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