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News

08/17/2012

Deutsche Wohnen - Financing and BauBeCon Contracts are Final

Corporate News: Deutsche Wohnen - Financing and BauBeCon Contracts are Final

Deutsche Wohnen AG / Key word(s): Miscellaneous 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@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