Samstag, 21. Oktober 2017

  • Pressemitteilung BoxID 46398

Colonia Real Estate and Merrill Lynch acquire residential portfolio for c. EUR 103mn from Wohnbau GmbH, Bonn

Cologne, (lifePR) - .
- Residential portfolio with focus on Berlin and Bavaria
- Colonia starts strategic asset management for residential properties for third parties and creates additional revenue potential

Colonia Real Estate AG (ISIN DE0006338007) und Merrill Lynch Global Principal Investments ("ML-GPI") signed a purchase contract in the amount of c. EUR 103mn to acquire a residential portfolio from Wohnbau GmbH, Bonn. The portfolio consists of 51 properties with around 2,000 residential apartments. The combined area of the acquired properties comprises c. 140,000 square metres. The majority of the portfolio is located in Berlin and Bavaria. Merill Lynch holds 92.5 percent of the transaction value, Colonia Real Estate co-invests with a 7.5 percent stake.

Through this transaction, Colonia Real Estate AG expands its strategic asset management additionally into residential properties from third parties. Colonia's subsidiary Resolution GmbH acted as ML-GPI's advisor and will take over the asset management of the entire portfolio.
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