On 1 April 2018, Starwood Global Opportunity Fund XI, managed by Starwood Capital Group, through its wholly owned subsidiary HomeStar InvestCo, announced a public cash offer to the shareholders of Victoria Park at a price of SEK 34.00[1] in cash per each Class A and Class B share and SEK 315.00 in cash per each preference share.

The outcome of the finalised Offer entails that HomeStar InvestCo controls a total of 27,074,397 Class A, 32,486,304 Class B and 180,348 preference shares, corresponding to 24.4 per cent of all shares and 32.1 per cent of all votes in Victoria Park.

On 3 May 2018, Vonovia SE, through its wholly-owned subsidiary Deutsche Annington Acquisition Holding GmbH, announced a public cash offer to the shareholders of Victoria Park at a price of SEK 38.00 in cash per each Class A and Class B share and SEK 316.00 in cash per each preference share and with an acceptance period ending on 18 June 2018. Starwood does not intend to accept the Vonovia Offer as it currently stands in relation to its Class A and B shares.