TAG Immobilien AG. (DB:TEG) agreed to acquire Residential Units in Saxony for €39.5 million in December 2015. 1000 new residential units in Saxony had rent of €3.36 million in 2015. The transaction is expected to close in the first quarter of 2016. Kristian J. Heiser and Nico Torka of Renzenbrink Raschke von Knobelsdorff Heiser acted as legal advisor for TAG Immobilien AG.

TAG Immobilien AG (DB:TEG) completed the acquisition of Residential Units in Saxony on January 31, 2016.