Greenberg Traurig advises Deutsche Wohnen on acquisition of 3,000 unit portfolio for approximately EUR 685 million

Berlin, March 18, 2019Greenberg Traurig advised Deutsche Wohnen SE on the acquisition of a portfolio of around 2,850 residential and 100 commercial units by way of an asset deal. The purchase price amounts to approximately EUR 685 million.
 
The real estate portfolio consists mainly of old and post-war buildings in the Rhine-Main metropolitan regions, primarily Frankfurt am Main, Cologne and Düsseldorf. Completion of the acquisition is subject to approval by the antitrust authorities and is expected until the end of the third quarter of 2019.
 
Greenberg Traurig has been advising Deutsche Wohnen on legal matters for several years, in particular on transactions across Germany.

About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has more than 2,000 attorneys in 39 offices in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and is among the Top 20 on the 2018 Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.