€5.2 billion public offer for German listed BUWOG - Adviser to Vonovia

Kempen is pleased to announce the successful €5.2 billion public offer for BUWOG by Vonovia
 
 
 

TRANSACTION HIGHLIGHTS
Vonovia is the largest residential company in Europe and is included in the DAX30. Vonovia operates through three segments: Rental, Value-Add Business, and Sales. It offers apartments, provides property-related services and sells single units and buildings or plots of land. As of December 31, 2017, it has a real estate portfolio comprising c.345,000 residential units, c.89,600 garages and parking spaces, and c.4,000 commercial units, and manages c.63,000 residential units for other owners. The transaction adds an additional 49,000 apartments to Vonovia’s portfolio. Vonovia was founded in 1998 and is headquartered in Bochum, Germany.

 

ABOUT Vonovia

Vonovia SE operates as an integrated real estate company in Germany. The company operates through three segments: Rental, Value-Add Business, and Sales. It offers apartments, provides property-related services and sells single units and buildings or plots of land. As of December 31, 2017, it had a real estate portfolio comprising c.345,000 residential units; c.89,600 garages and parking spaces; and c.4,000 commercial units, as well as managed c.63,000 residential units for other owners. The company was formerly known as Deutsche Annington Immobilien SE and changed its name to Vonovia SE in August 2015. Vonovia SE was founded in 1998 andis headquartered in Bochum, Germany.

 

 

ABOUT BUWOG

BUWOG is a German-Austrian full-service provider in the residential property business. The property portfolio of BUWOG is located in Germany and Austria and encompasses around 49,000 units. BUWOG has listings on the Frankfurt, Vienna and Warsaw stock exchanges.

 

 

Contact

Dick Boer
Jeroen Berns

Transactions