Buyout group Blackstone is in talks to acquire German real estate group Officefirst in a potential 3 billion euro ($3.6 billion) deal, three people familiar with the matter said.

Officefirst, which comprises a portfolio of about 100 German office buildings, including the landmark Squaire at Frankfurt airport, is being auctioned off by property group IVG.

The sale is being pursued alongside a possible listing of the unit.

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