Vonovia : Acquires 1,000 Apartments in Germany from H&L Ejendomme

By Giulia Petroni

Vonovia SE said Wednesday that it agreed to purchase around 1,000 apartments in Kiel, Germany, from H&L Ejendomme A/S for an undisclosed sum.

The German real-estate company said the transaction has been already approved by antitrust authorities and is expected to be completed on Dec. 30.

The newly acquired buildings are in central locations, according to Vonovia, and all current lease agreements will retain their validity.

Employees of H&L Ejendomme's subsidiary H&L Immobilien GmbH in Kiel will be taken on by Vonovia, the company said.

Write to Giulia Petroni at [e-mail]

(END) Dow Jones Newswires

12-02-20 1230ET