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The euro zone’s largest economy is in the grip of its worst property slump since at least the 2007-9 global financial crisis, after a sharp rise in borrowing costs and a higher proportion of riskier lending tipped the sector into one of Europe’s biggest downturns. The wave of distress working through the German real estate industry has provided the firm with buying opportunities, Koch said, adding he was tracking the planned sales of multiple projects owned by the collapsed Austria-based property group Signa.