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11/27/2015

Deutsche Wohnen AG: Deutsche Wohnen acquires portfolio with around 13,600 residential units

Inside Information (AD-HOC Release): 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 by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 +49 (0)30 897 86-5413 Fax +49 (0)30 897 86-5419 ir@deutsche-wohnen.com 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 --------------------------------------------------------------------------- Language: English Company: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt am Main Germany Phone: +49 (0)30 89786-0 Fax: +49 (0)30 89786-5419 E-mail: ir@deutsche-wohnen.com 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 ---------------------------------------------------------------------------