logo
Plus   Neg
Share
Email

Deutsche Wohnen Acquires Almost 3,000 Property Units In Metropolitan Regions

Deutsche Wohnen (DWHHF.PK) announced it has concluded an agreement for the acquisition of a portfolio with approximately 2,850 residential and 100 commercial units, structured as an asset deal. The company noted that the residential units are located in the metropolitan regions of the Rhine-Main area, Cologne and Düsseldorf. The purchase price of approximately 685 million euros implies a multiple of 29.1 on a fully rented basis. The company expects the portfolio to initially generate around 22 million euros in annual net cold rent.

Deutsche Wohnen stated that, with the acquisition, it is underlining focus on economically strong metropolitan regions in Germany.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
RELATED NEWS
Follow RTT