(RTTNews) – Vonovia SE (VONOY), a German actual property firm, introduced that it stays properly on monitor and has gained an additional 1.8 billion euros in liquidity following gross sales income of 1.5 billion euros within the first half of the 12 months. For 2024, the corporate expects a complete liquidity influx of round 4 billion euros, identical because the earlier 12 months’s stage.
Liquidity influx for the reason that starting of the 12 months now quantities to greater than 3.3 billion euros.
The corporate famous three transactions for mixed liquidity technology of 1.8 billion euros. The agency disposed 11 growth properties for 0.5 billion euros to a brand new fund arrange in August by HIH Make investments Actual Property GmbH, and Vonovia. As well as, the fund acquired round 150 million euros in growth property from Quarterback Immobilien AG.
Additional, Vonovia and Apollo, as a part of their long-term partnership, have agreed to the arrange of an organization that can maintain 20% of the shares in Deutsche Wohnen SE. On this, Vonovia and long-term buyers suggested by Apollo will probably be invested. The money influx for Vonovia will quantity to barely greater than 1 billion euros.
The corporate added that Deutsche Wohnen sells 27 nursing properties, which might be primarily positioned within the larger Berlin space, for an agreed worth of greater than 300 million euros. The nursing properties are acquired by a fund managed by care sector specialists Civitas Funding Administration. Alloheim Group, an organization within the care sector, will take over the operation and all staff.
The liquidity influx of all transactions is predicted on the finish of 2024 / first half of 2025.
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