Deutsche Annington hopes the IPO – which would see it float a 25 per cent stake – will fetch €1bn including €400m worth of new shares issued by the company. It currently has 180,000 residential properties worth €10.4bn.
Deutsche Annington completed its refinancing that included a €550m investment from Terra Firma last November.
Earlier in 2012 AltAssets reported that Deutsche Annington could be seeking an IPO in 2013, while the FT said in January that Guy Hands aimed to return €3bn to investors within the next 12 to 18 months before launching a new fund.
Terra Firma has recently secured a new trial for its lawsuit alleging that Citigroup tricked it into overpaying for EMI Group.
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