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TUI sells housing stock in Salzgitter

WAG Salzgitter Wohnungs-GmbH, a subsidiary of TUI Group company Preussag Immobilien GmbH (PSI), has sold its housing stock of around…

WAG Salzgitter Wohnungs-GmbH, a subsidiary of TUI Group company Preussag Immobilien GmbH (PSI), has sold its housing stock of around 14,000 rented apartments in Salzgitter, analogous to the sale of around 6.000 apartments in Kiel in 2000, to an affiliated company of Deutsche Anlagen-Leasing GmbH (DAL). The purchase price remains confidential.



With the conclusion of this contract, TUI continues its rigorous implementation of the divestment programme initiated in October 2000, and realised the sale of its housing stock by the end of the 2002 financial year as planned.



The letting and management of the apartments will continue to be carried out by PSI. This ensures maximum continuity for tenants and staff.

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