Deutsche Wohnen To Sell Nearly 10,700 Residential Units To The State Of Berlin

Deutsche Wohnen (DWHHF.PK) and the State of Berlin have reached an agreement on the sale of nearly 10,700 residential units and more than 200 commercial units in Berlin. The three state companies - HOWOGE, degewo and Berlinovo - will acquire these properties from Deutsche Wohnen for about 1.65 billion euros.

Deutsche Wohnen noted that the sale of the apartments is part of the "Future and Social Housing Pact" for Berlin. As part of this, a total of around 20,000 apartments have been offered for sale to the state of Berlin by Deutsche Wohnen and Vonovia. An agreement was reached for approximately 14,750 residential and 450 commercial units, the company said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly. Walmart is recalling certain Aromatherapy Room Spray due to the possible presence of a rare and dangerous bacteria that is suspected to be behind two deaths in the United States, the U.S. Consumer Product Safety Commission said. The recall involves about 3,900 bottles of Better Homes and Gardens-branded Essential Oil Infused Aromatherapy Room Spray with Gemstones in six different scents. Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port.
Follow RTT