Deutsche Bank says places 25.4 million shares in Crest Nicholson for Varde

The headquarters of Deutsche Bank are pictured in Frankfurt October 29, 2013. REUTERS/Ralph Orlowski

LONDON (Reuters) - Deutsche Bank said on Tuesday it was placing, alongside Barclays , around 25.4 million shares in British housebuilder Crest Nicholson on behalf of Varde Investment Partners.

The accelerated share offering constitutes Varde's full residual stake, Deutsche Bank said in a statement.

(Reporting By Anjuli Davies, editing by Clare Hutchison)