DGAP-Adhoc

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
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The issuer is solely responsible for the content of this announcement.

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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 [phone]
Fax [phone]
[e-mail]


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

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Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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

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