BUWOG in discussions over the acquisition of large residential property portfolio in Germany (DE)

BUWOG, a wholly owned subsidiary of IMMOFINANZ Group, is currently involved in a number of negotiations to expand its residential property portfolio in Germany. In this connection, discussions are also in progress with Solaia RE S.à.r.l Group, a joint venture of Prelios and an investment fund managed by Deutsche Asset & Wealth Management – Real Estate, concerning the possible acquisition of a portfolio that covers nearly 18,000 housing units in the north of Germany.

The outcome of these discussions is expected around the year end 2013.

Source: Immofinanz

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