German real-estate company Deutsche Annington Immobilien is planning further purchases of apartment portfolios this year, after it reported a 28% increase in profit in the last financial year as it pursued acquisitions and benefited from lower financing costs.
“We have a responsibility to shareholders to look at every portfolio for sale that’s more than 1,000 apartments,” the company’s chief executive officer, Rolf Buch, said.
Buch said the company is unlikely to buy another listed peer, as it is still integrating recently acquired rival Gagfah.
