DGAP-News: Vonovia SE: Vonovia buys 1,000 apartments in Kiel (German)

^ DGAP-News: Vonovia SE / Key word (s): Acquisition of Vonovia SE: Vonovia buys 1,000 apartments in Kiel (news with additional features)

02.12.2020 / 18:01 The issuer is responsible for the content of this announcement.

Vonovia buys 1,000 apartments in Kiel

– Strengthening activities in the state capital

– Good integration of high-quality apartments into neighborhoods

– Nothing will change for tenants

– All 12 employees will be taken over

Bochum, December 2, 2020. Vonovia is taking over around 1,000 apartments in Kiel from the Danish H&L Ejendomme A / S. Both parties signed a purchase agreement on this today. The parties have agreed not to disclose the purchase price. The antitrust approval was given on November 27, 2020. The transfer of the apartments is planned for December 30, 2020.

“We are pleased to expand our housing stock in Kiel with a sustainable portfolio of high quality. We are closely interwoven with the city and manage our properties according to social criteria and for decades. Our goal is to offer our tenants attractive living as part of urban society At fair prices. We are developing our neighborhoods in a socially acceptable way, for example by renovating them in an age-appropriate manner, “says Dirk Brunnert, Managing Director for the Northern Division at Vonovia. The houses that have now been acquired are in central locations in the state capital; the previous owner has built up the portfolio since 2007. “The portfolios fit together very well, so that we can optimally integrate the new apartments into our quarters. Of course, all rental contracts remain valid – we are aware of our responsibility for our tenants.” So nothing changes for the tenants.

Vonovia will take over the employees of the owner company H&L Immobilien GmbH in Kiel, a subsidiary of the Danish H&L Ejendomme A / S. “We need their expertise and their drive, after all, we still have a lot to do together in Kiel,” says Dirk Brunnert. Vonovia employs a total of 300 people in the city and only opened a new district office in the Zukunfts-Quartier in Kiel-Gaarden in December 2019. “We offer tenants personal consultation hours and 24/7 customer service.”

Vonovia’s largest locations in northern Germany are Kiel, Bremen and Hamburg as well as Lübeck and Hanover. Vonovia has been at home in the Kiel region since 1918 and has managed around 23,000 apartments there to date. 2,000 of them are publicly funded. The vacancy rate in the portfolio in Kiel is 2.2%, the rent is 6.53 EUR / sqm.

Caption: Vonovia is expanding its portfolio by 1,000 high-quality apartments in central locations in Kiel. Image free to use.

About Vonovia

Vonovia offers a home to around one million people in Germany. The housing company is right in the middle of society, which is why Vonovia’s activities never only have an economic perspective, but always a social one as well. Vonovia is involved in finding answers to the current challenges on the housing market. The company is committed to more climate protection, more age-appropriate apartments and good coexistence in the neighborhoods. In cooperation with social organizations and the districts, Vonovia supports social and cultural projects that enrich community life in the neighborhood. Vonovia is also involved in what is currently a particularly important social task: building new apartments.

The focus of our actions are the customers and their needs. On-site property managers and their own craftsmen take care of the tenants’ concerns. This closeness to the customer ensures fast and reliable service. Vonovia also invests generously in the maintenance of the buildings and develops residential-related services for a better quality of life. The central customer service can be reached via a regional telephone number, by e-mail, fax, app or by post for questions in connection with rental agreements and utility billing.

Vonovia employs more than 10,000 people, and Rolf Buch is the CEO.

Additional information: Admission: Regulated Market / Prime Standard, Frankfurt Stock Exchange
WKN: A1ML7J Common Code: 094567408 Headquarters of Vonovia SE: Bochum, Germany, Bochum District Court, HRB 16879 Administration of Vonovia SE: Universitätsstrasse 133, 44803 Bochum, Germany

This press release was prepared by Vonovia SE and / or its subsidiaries for informational purposes only. This press release may contain statements, estimates, opinions and predictions with regard to the expected future development of Vonovia (“forward-looking statements”), which reflect various assumptions regarding, for example, results derived from Vonovia’s current business or from public sources have not been subjected to an independent examination or detailed assessment by Vonovia and could later turn out to be incorrect. All forward-looking statements reflect current expectations based on the current business plan and various other assumptions and thus contain significant risks and uncertainties. All forward-looking statements should therefore not be understood as a guarantee of future performance or results, nor do they necessarily represent indicators that the expected results will actually be achieved. All forward-looking statements speak only as of the date this press release was issued to its recipients. It is the responsibility of the recipients of this press release to make their own more precise judgments about the validity of forward-looking statements and the assumptions underlying them. Vonovia excludes any liability for all direct or indirect damage or loss or consequential damage or loss as well as penalties that the recipients could incur through the use of the press release, its content, in particular all forward-looking statements, or in any other context, to the extent permitted by law . Vonovia makes no guarantee or representation (either express or implied) with regard to the information in this press release. Vonovia undertakes no obligation to update or correct the information, forward-looking statements or conclusions in this press release or to incorporate subsequent events or circumstances or to correct inaccuracies that become known after the date of this press release.

Additional material for reporting:

File: https://eqs-cockpit.com/c/fncls.ssp?u=54102a2f1906b5848efd3f6410e6b0a2 File description: Inventory Vonovia Kiel

12/02/2020 Publication of a Corporate News / Financial News, transmitted by DGAP – a service of EQS Group AG. The issuer is responsible for the content of the announcement.

DGAP Distribution Services include regulatory reporting, corporate / financial news, and press releases. Media archive under http://www.dgap.de

Language: German Company: Vonovia SE Universitätsstrasse 133 44803 Bochum Germany Phone: +49 234 314 1609 Fax: +49 234 314 2995 Email: [email protected] Internet: www.vonovia.de
WKN: A1ML7J Indices: DAX stock exchanges: Regulated market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1152407

End of announcement DGAP News-Service

1152407 02.12.2020



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