Hengeler Mueller advises LEG Immobilien AG on acquisition of portfolio of around 9,600 residential units from Deutsche Annington Immobilien SE and on simultaneous capital increase

10. October 2014

A subsidiary of LEG Immobilien AG (“LEG”), acting as the buyer, and Deutsche Annington Immobilien SE (“Deutsche Annington”), acting as the seller, yesterday signed an agreement for a portfolio transaction for around 9,600 residential units and related employees in North Rhine-Westphalia by way of share deal. The total transaction volume amounts to EUR 484 m. Following

antitrust approval, the closing of the transaction is expected by the end of October 2014.

Simultaneously with the completion of the transaction, LEG resolved to utilise some of its existing authorised capital to increase the share capital. The capital increase generated net proceeds of EUR 205 m for LEG.

Hengeler Mueller advised LEG comprehensively on the portfolio acquisition and the capital increase.

The Hengeler Mueller team includes partners Thomas Müller (M&A/Real Estate), Alexander G. Rang (Capital Increase), Stefanie Beinert (Tax), Christian Hoefs (HR) (all Frankfurt) and Alf-Henrik Bischke (Antitrust, Düsseldorf) as well as associates Maximilian Clostermeyer (M&A/Real Estate, Capital Increase), Christoph Trautrims (Capital Increase), Friederike Kirch-Heim (Tax), Anne Broll (HR) (all Frankfurt), Ye Huo and Marcel Nuys (both Antitrust, Düsseldorf).