Ad-hoc reports

According to Article 17 of the Regulation (EU) No 596/2014 (Market Abuse Regulation - MAR) domestic issuers of financial instruments are obliged to immediately publish insider information that concerns them directly.

The purpose of the ad-hoc disclosure requirement is to ensure full and proper market transparency, which is a prerequisite for trading for all economic actors in integrated financial markets and which is essential to avoid insider dealing and ensure that investors are not misled.

The regulation has been in force since 3 July 2016. Older notifications are based on § 15 WpHG (German Securities Trading Act) that applied before.


Drucken

Deutsche Wohnen AG: Deutsche Wohnen acquires portfolio with around 13,600 residential units


Deutsche Wohnen AG / Key word(s): Acquisition
27.11.2015 21:04

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Frankfurt/Main and Berlin, November 27, 2015 - Today, Deutsche Wohnen AG entered into an agreement for the acquisition of a real estate portfolio comprising approximately 13,600 residential units from PATRIZIA Immobilien AG.

In total, Deutsche Wohnen has acquired around 15,200 residential units since midyear. Around 5,600 of such residential units are located in Berlin and around 3,800 residential units are located in Kiel. The purchase price including transferred liabilities amounts to around EUR 1.2 billion and is financed by approximately 50% each through the banking market as well as existing liquid funds.

The transaction, based on the projected financing structure will presumably increase Deutsche Wohnen AG's annual FFO by approximately EUR 40 million after full integration.

Subject to customary sales conditions, such as antitrust clearance, the acquisition will be concluded in the coming months.



Contact:
Phone +49 (0)30 897 86-5413
Fax +49 (0)30 897 86-5419
ir@deutsche-wohnen.com


27.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

 
Language: English

Company:
Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Germany

Phone:+49 (0)30 89786-0
Fax:+49 (0)30 89786-5419
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6
WKN:A0HN5C
Indices:MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart
 
End of Announcement DGAP News-Service  



back

Current share price

 

Video



watch video
 

Share/Recommend

Archive Ad-hoc-Reports

 

Links