Deutsche Annington grows in North Rhine Westphalia – acquires 626 flats in Gelsenkirchen and Bochum
Bochum, June 17, 2008 – Deutsche Annington Immobilien Gruppe (DAIG, Bochum) has increased the size of its portfolio in the Ruhr region. The company has acquired 408 flats in Gelsenkirchen and 218 in Bochum from Deutsche Angestellten-Wohnungsbau-Aktiengesellschaft (DAWAG, Hamburg). The flats in Gelsenkirchen, which were all built in 1930, are located in the city centre and the Horst and Buer sections of town. The flats in Bochum are located in Altenbochum and were built in 1931 and 1952.
“Deutsche Annington is a socially responsible, long-term landlord. We are pleased with the trust that DAWAG has shown in us through this sale,” says Mark Ennis, Head of Acquisitions and General Manager at Deutsche Annington. “The rental contracts with all the rights and obligations are being transferred to us. We plan to retain the newly acquired flats in our inventory in the long term and to offer the new tenants the same attractive services available to our current tenants.” The tenants have now been notified of the sale.
About Deutsche Annington:
With approx. 220,000 residential units let and managed and some 1,400 employees, Deutsche Annington Immobilien Gruppe (DAIG, Bochum) is one of the leading housing companies in Germany. The company offers its customers apartments to rent or buy at some 650 locations all over Germany, backed up by customer-minded services. As a service-minded property holder, DAIG is intending to grow profitably in the years to come. To achieve this, the company will expand its portfolio through selective acquisitions and further improve the quality of its tenants´ living conditions by offering attractive services.
Contact:
Deutsche Annington Immobilien Group
Katja Weisker
Telephone: +49 (0) 234 314 – 1901
Mobile: +49 (0) 174 922 – 4995
katja.weisker@deutsche-annington.com
19.06.2008