Deutsche Annington Immobilien SE / Key word(s): IPO/Real Estate
02.07.2013 / 23:14
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Deutsche Annington Immobilien SE: planned IPO postponed
Bochum, 02.07.2013 - The shareholder of Deutsche Annington Immobilien SE ('Deutsche Annington'), Germany's largest privately held residential real estate company in terms of portfolio value and number of units owned, Monterey Holding I S.à r.l. ('Monterey'), has decided to postpone the planned initial public offering ('IPO') of the Company due to persistent adverse market conditions.
'This decision does not impact Deutsche Annington's strategy,' said Rolf Buch, CEO of Deutsche Annington Immobilien SE. 'Based on our strong financial position, we will focus on driving our operational performance including continuing our investment and modernisation programme as planned.'
The listing of the shares on the Prime Standard of the regulated market of the Frankfurt Stock Exchange was originally planned for 3 July 2013. The company along with the shareholder will continue to evaluate the market environment regarding a potential IPO in the future.
About Deutsche Annington
Deutsche Annington is Germany's largest privately held residential real estate company in terms of portfolio value and number of units owned. As of 31 March 2013, Deutsche Annington owned more than 180,000 residential units with an aggregate fair value of EUR 10.4 billion. Deutsche Annington operates nationwide with the majority of its portfolio being situated in the old German Federal States (Alte Bundesländer) including Berlin. Deutsche Annington is headquartered in Bochum and employs about 2,400 employees.
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