Hedge Funds

Soros takes aim at German real estate market

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Hedge fund magnate George Soros is planning to make a big bet on the German real estate market, exploiting opportunities arising from a consortium of owners there seeking to pull back from the market as prices have stagnated.

Soros is poised to exploit the fact that German real estate groups are looking to unload billions in property assets. Looking to buy into the market is Apellas Property Management, in which a Soros fund, Grove Capital, is a majority shareholder.

The move comes as Germany plans to unveil U.S.-style real estate investment trusts aimed at bolstering a slumping local real