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6 months ago
Deutsche Wohnen to buy Berlin apartments portfolio for more than 500 mln euros -sources
February 22, 2017 / 9:53 AM / 6 months ago

Deutsche Wohnen to buy Berlin apartments portfolio for more than 500 mln euros -sources

FRANKFURT, Feb 22 (Reuters) - German property company Deutsche Wohnen is planning to buy a portfolio of several thousand Berlin apartments for more than 500 million euros ($525 million), three people close to the deal told Reuters.

Deutsche Wohnen on Tuesday announced a capital increase of 500 million euros to refinance debt and fund new acquisitions.

It said then that it was is looking to buy a medium-sized residential portfolio and that negotiations were advanced but not yet concluded.

$1 = 0.9518 euros Reporting by Alexander Hübner and Arno Schuetze; editing by Jason Neely

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