Corporate | 15 January 2007 12:33
Deutsche Wohnen AG / Miscellaneous
Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Today, on 15 January 2007, Deutsche Wohnen expanded the property portfolio
by the acquisition of 426 residential and 12 commercial units. Seller of
the properties are LVM insurances. The property stock was offered
exclusively to Deutsche Wohnen and is located in above-average attractive
micro-locations within the city centers of Münster/Westphalia (252 units)
and Dresden, Leipzig and Erfurt (186 units). Change of possession will be
on 1 April 2007.
Whole acquired living area amounts to 30,015 sqm (average size of 71 sqm
per unit). The average rent comes to EUR 6.70 per sqm, the vacancy rate is
3.5 percent. The residential properties were predominantly build in the
nineties pr redeveloped as good as new.
The acquisition price ranges between EUR 41 million and EUR 43 million. The
purchased property stock disposes of potentials in rental development and
privatization, which will be enhanced by Deutsche Wohnen next years.
Hubert Bonn
Head of Investor & Public Relations
Phone: +49 6131 6397 116
email: hubert.bonn@deuwo.com
DGAP 15.01.2007
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Language: English
Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main Deutschland
Phone: +49 (0)6131-6397-116
Fax: +49 (0)6131-6397-199
E-mail: hubert.bonn@deuwo.com
WWW: www.deutsche-wohnen.de
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Stuttgart, Düsseldorf
End of News DGAP News-Service
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