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REAL ESTATE: Vonovia (ANNGR: Baa1/BBB+/BBB+): Asset Sales

REAL ESTATE
  • Positive: Vonovia expects liquidity inflow of €4bn for 2024
  • Disposes of 11 properties for €500m to HIH Invest
  • €1bn inflow from Apollo for setting up a company to hold 20% of D.Wohnen
  • Sells 27 nursing homes in Berlin to Civitas for €300m
  • €1.5bn already announced in H1
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  • Positive: Vonovia expects liquidity inflow of €4bn for 2024
  • Disposes of 11 properties for €500m to HIH Invest
  • €1bn inflow from Apollo for setting up a company to hold 20% of D.Wohnen
  • Sells 27 nursing homes in Berlin to Civitas for €300m
  • €1.5bn already announced in H1