DGAP-News

Deutsche Annington Immobilien SE acquires SÜDEWO Group with around 20,000 homes in Baden-Württemberg

DGAP-News: Deutsche Annington Immobilien SE / Key word(s):
Acquisition/Capital Increase
Deutsche Annington Immobilien SE acquires SÜDEWO Group with around
20,000 homes in Baden-Württemberg

14.06.2015 / 22:22

---------------------------------------------------------------------

INFORMATION TO THE MEDIA

Deutsche Annington acquires SÜDEWO Group with around 20,000 homes in
Baden-Württemberg

- Acquisition of SÜDEWO Group, which has 19,800 homes in total, agreed
with a total transaction volume of EUR 1.9bn

- SÜDEWO homes are a perfect addition to Deutsche Annington's presence in
southern Germany, where it currently owns around 15,000 homes

- Goal of establishing a balanced portfolio in all attractive regions of
Germany

- Plan to finance the transaction through a capital increase with
subscription rights from authorised capital

Bochum, 14 June 2015 - Deutsche Annington Immobilien SE ("Deutsche
Annington") intends to significantly expand its presence in southern
Germany by acquiring SÜDEWO Group. SÜDEWO Group has a total of 19,800
homes. Deutsche Annington has reached a sales and purchase agreement with
the group of investors who hold the shares in SÜDEWO Group. The total
transaction volume for the acquisition of SÜDEWO Group is EUR 1.9bn. The
closing is expected at the beginning of July.

"In the highly fragmented German market for rented housing we are availing
of another opportunity to strategically expand our nationwide position,"
said Rolf Buch, CEO of Deutsche Annington. "Following the acquisition of
Vitus Group in northern Germany, the acquisition of DeWAG in the south and
the merger with GAGFAH, through which we strengthened our presence in the
metropolitan regions of Berlin, Hamburg and Dresden, we are now further
expanding our market position in the particularly attractive southern
region. With the acquisition of the SÜDEWO Group we are moving a step
closer to our goal of having a balanced portfolio in all attractive regions
of Germany. Our business policy is focused on creating attractive and
affordable housing for our tenants, thereby ensuring the sustainably
successful performance of our business. We are continuing this commitment
with the current acquisition of SÜDEWO Group. The tenants of both companies
will benefit from cost advantages, high investment in maintenance and