Unhappy investors in Deutsche Bank Real Estate are to be approached by rival banks, private equity firms and hedge funds, in a bid to buy sh...

Unhappy investors in Deutsche Bank Real Estate are to be approached by rival banks, private equity firms and hedge funds, in a bid to buy shares in the bank’s troubled Grundbesitz-Invest real estate fund at a discount, according to the German-based Wirtschafts Woche magazine.

German private equity firm Troja Beteiligungen & Consulting is offering, though CortalConsors and HVB, to buy shares for €25 ($30.22) each. This represents a discount of more than a 35 per cent said the magazine.

Late last year DB Real Estate closed the fund to new investors and froze all the assets in the €6.1 billion fund amid heavy asset outflows and performance concerns.

Deutsche has agreed to "support" private investors who bought shares in Grundbesitz-Invest in the past two years, but were silent about those who have held their investment for a shorter period.

According to the magazine, which did not cite sources, the new owners would offer to buy DB Real Estate customers' shares, on condition that they sever their ties with Deutsche Bank.

Around 300,000 private investors are thought to be involved.