Vonovia SE Secures €1.8 Billion Through Three Major Transactions

Vonovia SE has announced a successful liquidity generation of €1.8 billion through three significant transactions. This achievement follows their earlier sales revenue of €1.5 billion in the first half of 2024, cumulating in a potential total liquidity inflow of €4 billion by the end of the year.

The first transaction involved the sale of 11 development properties for €0.5 billion to a new fund initiated by HIH Invest Real Estate GmbH and Vonovia. This fund also acquired additional development assets worth €150 million. The second transaction, in collaboration with Apollo, established a company to hold 20% of Deutsche Wohnen SE, bringing in over €1 billion in cash.

In the third transaction, Deutsche Wohnen sold 27 nursing homes for more than €300 million. These were mainly located in the greater Berlin area and acquired by Civitas Investment Management, with the Alloheim Group taking over operations.

The total liquidity from these transactions is expected between the end of 2024 and the first half of 2025.