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Deutsche Wohnen SE: Deutsche Wohnen sells around 11,000 residential and commercial units to the State of Berlin - Seite 2

Of the units acquired by the three state companies from Deutsche Wohnen, 19 percent is subsidized housing built between 1950 and 1999. The units are spread across Berlin's urban area and are located in the districts of Charlottenburg-Wilmersdorf (81 units), Friedrichshain-Kreuzberg (1. 600), Lichtenberg (956), Marzahn-Hellersdorf (1,271), Mitte (224), Reinickendorf (1,073), Spandau (3,399), Steglitz-Zehlendorf (1,270) and Tempelhof-Schöneberg (1,028).

The purchase price is around EUR 1.65 billion or, respectively, EUR 2,185 per square meter and takes into account the respective condition of the apartments.

Michael Zahn: "The negotiations were characterized by constructive and respectful interaction. Once again, we have seen what can be achieved when everyone pulls together - the housing industry, politics and administration. I am convinced that together, we will also better overcome all the other challenges."

With the sale, Deutsche Wohnen contributes to the expansion of the state-owned portfolio of residential neighbourhoods in Berlin that - as envisaged by the state of Berlin - are particularly relevant to social policy, while remaining a relevant and socially responsible part of urban society with over 100,000 apartments in Berlin.

Reliable and responsible partner for Berlin and beyond

Deutsche Wohnen not only supports the state of Berlin in its efforts to strengthen its municipal portfolio. It also demonstrates with other initiatives that the company is a reliable partner as well as an important factor in addressing the major challenges of the housing sector. For example, "Our promise to our tenants" made by Deutsche Wohnen in 2019 goes even further than the statutory protection of tenants and commits to ensuring that no tenant will have to pay more than 30 percent of the household's net income as rent in the event of potential rent increases. Since the outbreak of the Corona pandemic, the company has refrained from any rent increases and set up a support fund in the amount of EUR 30 million. In addition, Deutsche Wohnen is pushing ahead with its new construction activities to create urgently needed housing in German cities and metropolitan areas. This is being done in a climate-friendly manner: thanks to its climate strategy, Deutsche Wohnen will be climate-neutral by 2040.