Deutsche Wohnen sells further flats to municipal housing corporation

The properties, which consist of a front and a rear building, comprise 41 state-subsidised flats, a commercial unit and 20 parking spaces in a basement garage. There is also a day-care facility for children on the site.

In the recent past, Deutsche Wohnen has sold a number of holdings in Berlin to municipal housing corporations. For example, at the end of 2019 degewo purchased approximately 2,100 flats from Deutsche Wohnen. Moreover, a short time ago Deutsche Wohnen agreed the sale of a high-rise block with over 120 flats and an adjoining plot of land in Berlin-Kreuzberg to gewobag, which is a municipal housing corporation as well.

All the tenants will be informed in writing about the change of ownership. The change will not have any impact on the tenancy situation of the residents.

Deutsche Wohnen

Deutsche Wohnen is one of the leading publicly listed residential property companies in Europe. The business focus of the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop good-quality and affordable housing in vibrant residential neighbourhoods. As at 30 September 2020, the portfolio comprised a total of around 165,700 units, of which 162,700 are residential and 3,000 commercial. Deutsche Wohnen SE is listed in the Deutsche Börse’s DAX and is also included in the leading indices EPRA/NAREIT, STOXX Europe 600, GPR 250 and DAX 50 ESG.