Tag Archives: Deutsche Wohnen

Deutsche Wohnen lodges €1.75bn all-share takeover bid for GSW

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Deutsche Wohnen has launched its long-expected all-share takeover bid for rival GSW Immobilien which values GSW’s equity at €1.75bn and would create Germany’s second-largest residential landlord by portfolio value. This morning, GSW shareholders have been offered 51 shares in Deutsche … Continue reading

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Blackstone divests part of Cevdet Caner’s Level One to Deutsche Wohnen

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Blackstone has divested 6,900 German multi-family units, part of Level One’s former assets bought out of administration more than 18 months ago, selling the Berlin portfolio to Deutsche Wohnen for €260m in cash and 8.15m shares worth €109m. Level One, … Continue reading

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PBB closes €285m share of Deutsche Wohnen’s €800m BauBeCon financing package

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Deutsche Pfandbriefbank (PBB) has confirmed the extension of €285m senior loan to Deutsche Wohnen for the German listed residential property company’s acquisition of the 23,500 BauBeCon portfolio, which CoStar News first revealed almost three months ago. Deutsche Wohnen beat GSW … Continue reading

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German multi-family transactions to top €10bn this year prompted by loan maturities

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German multi-family transaction activity has raced to more than €6bn in the first six months of the year and remains on track to more than €10bn in the highest annual deal flow in five years, according to investment agent and … Continue reading

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Gagfah brings €1.7bn Dresden portfolio to market and closes in on €2.1bn CMBS refi

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Gagfah, Germany’s largest residential property company, is bringing to market the 43,000-strong Dresden multi-family portfolio for around €1.7bn later this quarter, while expecting to complete the refinancing of a further €2.13bn of maturing CMBS debt by the end of the … Continue reading

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Deutsche Wohnen finances BauBeCon €1.24bn buy with €800m from four banks

Deutsche Wohnen, the German listed residential property company, is financing its €1.235bn acquisition of the 23,500-strong BauBeCon portfolio from Barclays with separate senior debt facilities from four banks worth just under €800m combined. CoStar News understands Deutsche Pfandbriefbank (PBB), LBBW, … Continue reading

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