Vonovia Acquires 1,000 Apartments in Germany from H&L Ejendomme
December 02 2020 - 12:45PM
Dow Jones News
By Giulia Petroni
Vonovia SE said Wednesday that it agreed to purchase around
1,000 apartments in Kiel, Germany, from H&L Ejendomme A/S for
an undisclosed sum.
The German real-estate company said the transaction has been
already approved by antitrust authorities and is expected to be
completed on Dec. 30.
The newly acquired buildings are in central locations, according
to Vonovia, and all current lease agreements will retain their
validity.
Employees of H&L Ejendomme's subsidiary H&L Immobilien
GmbH in Kiel will be taken on by Vonovia, the company said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 02, 2020 12:30 ET (17:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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