DGAP-News: Deutsche Wohnen - Financing and BauBeCon Contracts are Final
(firmenpresse) - DGAP-News: Deutsche Wohnen AG / Key word(s): Miscellaneous
Deutsche Wohnen - Financing and BauBeCon Contracts are Final
17.08.2012 / 13:55
---------------------------------------------------------------------
Frankfurt/Main and Berlin, 17 August 2012. Deutsche Wohnen AG today 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 (Enterprise Value). A combination 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
Genossenschafts-Hypothekenbank AG.
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
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.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
---------------------------------------------------------------------
17.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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
Germany
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-507
E-mail: ir(at)deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
182081 17.08.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.08.2012 - 13:55 Uhr
Sprache: Deutsch
News-ID 175511
Anzahl Zeichen: 4209
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 210 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Deutsche Wohnen - Financing and BauBeCon Contracts are Final"
steht unter der journalistisch-redaktionellen Verantwortung von
Deutsche Wohnen AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
