German residential landlord Deutsche Wohnen will sell up to €950m in shares in order to fund acquisitions, including the purchase of 6,500 apartments most of which are in the country’s capital.
The share sale will enable Deutsche Wohnen to add to its portfolio at a time when rents are rising and interest rates are low.
The company reported first-quarter figures which showed income from rentals was largely flat at €132.5m.
