||Deutsche Wohnen AG took over the BauBeCon-Portfolio
acquired from Barclays Bank PLC in May. Deutsche Wohnen AG purchased
the BauBeCon companies for approximately 1.235 Billion Euros
of approximately 430 Million Euros in equity and approximately 700
Million Euros in borrowed capital will be used to finance the
purchase price. The debt capital will be financed by Bayerische
Landesbank, Deutsche Pfandbriefbank AG, HSH Nordbank
AG, UniCredit Bank AG, and Deutsche
Michael Zahn, Chief Execution Officer
of Deutsche Wohnen AG, remarked: 'During the past weeks'
negotiations with the financing banks, we have clearly realized that
years of trusting co-operation prove invaluable. Our banks are
familiar with our business model, are acquainted with the parties
involved, and our new partner banks - like UniCredit Bank AG - know
who they are cooperating with. Our ability to raise substantial
amounts of equity and outside capital, both quickly and
professionally, makes us the ideal partner in large transactions
like the just realized BauBeCon deal.'
Deutsche Wohnen is one
of the leading listed housing companies in Germany. Its operational
focus is on managing and developing its residential property
portfolio. As of 20 August 2012 the portfolio is composed of approx.
73,300 units, of which around 72,500 are residential and around 800
are commercial in nature. Its 146,142,858 shares are listed in the
MDAX of the German Stock Exchange and are also included in the major
indices EPRA/NAREIT and GPR 250.
Further information www.deutsche-wohnen.com
20.08.2012save-more-energy.com is an
independent b2b platform for Green Investment & Sustainable
Development. Green Buildings, Retrofit, Urban Transformation,
Renewable Energy, Future Cities and Investment Opportunities in
Europe incl. CEE/SEE and Middle East Area.
Michael Zahn, Chief Execution
Officer of Deutsche Wohnen AG