CBRE Investment Management agreed to acquire 1,350 residential units in Germany from Deutsche Wohnen SE and Vonovia SE for €560 million.

CBRE Investment Management agreed to acquire 1,350 residential units in Germany from Deutsche Wohnen SE (XTRA:DWNI) and Vonovia SE (XTRA:VNA) for €560 million on May 4, 2023. Including two assets with 380 apartments belonging to Deutsche Wohnen. The closing of the transaction is subject to customary maturity conditions.