logo
Share SHARE
FONT-SIZE Plus   Neg

Deutsche Wohnen Announces Acquisition Of Real Estate Portfolio - Quick Facts

Deutsche Wohnen AG (DWHHF.PK) announced that it has entered into a purchase agreement for the acquisition of a residential real estate portfolio comprising approximately 6,900 residential units that is held by various companies. The purchase price consists of a cash component amounting to 260 million euros, as well as a share component of 8.15 million new no-par value ordinary bearer shares of Deutsche Wohnen AG.

In order to fulfill the agreed share component, the Board of Deutsche Wohnen AG has resolved on a capital increase in the nominal amount of approximately 5% of the current share capital against contributions in kind and under exclusion of shareholders' subscription rights. The company's share capital will be increased from 160.76 million euros to 168.91 million euros. To this end, the company will issue 8.15 million new no-par value ordinary bearer shares to the sellers.

Deutsche Wohnen AG announced it has also acquired an additional residential real estate portfolio, comprising roughly 900 residential units in Berlin, for a gross purchase price of approximately 51 million euros in cash.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time. The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement. The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
comments powered by Disqus
Follow RTT