Vonovia Majority Owner in Victoria Park

Sweden Sweden Vonovia has announced that its wholly-owned subsidiary Deutsche Annington Acquisition Holding GmbH (“Vonovia Acquisition Holding”) will become owner of more than 50 percent of the total number of votes in Victoria Park. Vonovia thus completes the public cash takeover offer that Vonovia, through Vonovia Acquisition Holding, announced to Victoria Park's shareholders on 3 May 2018. The final outcome will be announced on or around 21 June 2018.

2018-06-20

Share via e-mail

A preliminary summation at the end of the acceptance period today, 18 June 2018, shows that Vonovia Acquisition Holding will become the owner of more than 50 percent of the total number of votes in Victoria Park, including the shares that Vonovia Acquisition Holding, through call options from large shareholders of Victoria Park, has a right to acquire in May 2019. All terms of the Offer are thus met and Vonovia Acquisition Holding will complete the Offer.

The final calculations of the shares tendered during the initial acceptance period is still in progress and the final outcome is expected to be announced on or around 21 June 2018. Settlement in respect of the Victoria Park shares duly tendered by 18 June 2018 is expected to occur on or around 28 June 2018.

Vonovia Acquisition Holding has also decided to extend the acceptance period for the Offer until 17.00 CET on 3 July 2018.




Axel Ohlsson
axel@nordicpropertynews.com

Related articles:




Here Are the Threats to the Stockholm Office Market

Sweden Sweden Mikael Söderlundh, Head of Research and Partner at Pangea, tells Nordic Property News about the pressure on the yields and the threats to the Stockholm office market that may have reached its peak.

Skanska Builds Office Building in Helsingborg

Sweden Sweden Skanska has signed an agreement with Wihlborgs Fastigheter to build a new office building, Prisma, at the central station in Helsingborg.

Diös Acquires in Östersund

Sweden Sweden Diös has purchased a property on Prästgatan in central Östersund. The property will be a complement to Diös’ current portfolio in the neighbourhood and part of the company’s continued strategy of urban development.

Wallenstam Makes Gothenburg Acquisition

Sweden Sweden Wallenstam acquires a property in Gothenburg CBD from SEB Trygg Liv for MSEK 375 (EUR 36M).

Skanska Sells in Boston

Sweden Sweden Skanska, in partnership with PGIM Real Estate, has divested its multi-family development The Harlo in Boston, USA to Invesco Real Estate, a global real estate investment manager. Skanska’s equity ownership is 50 percent. Skanska USA Commercial Development will record the company’s portion of the divestment, USD 75M in the first quarter of 2019. The transfer of the property was completed February 2019.

Eastnine to Acquire S7 in Vilnius

Sweden Sweden Listed Swedish Eastnine has signed an agreement to acquire Building I, II and III of S7, a newly built and sustainable A-class office park in Vilnius’ central business district for EUR 128.3M.

The Investment Manager Focuses on the Four Major Cities

Sweden Sweden Sweden's largest real estate company Vasakronan has made its last deal outside the big cities. This is why Wihlborgs was the natural buyer in the latest deal.

The CEO on the Divestment to the Building Giant

Sweden Sweden Why AM1 Fastigheter and Kian Properties sells to Skanska at this stage. "Strategic decision."

Wihlborgs Makes Major Acquisition in Lund

Sweden Sweden Wihlborgs acquires two office properties in Lund from Vasakronan for SEK 1.26 billion (EUR 120M).

"It’s Like Coming Back Home"

Sweden Sweden Sweden has a new Minister for Housing. In an interview with Nordic Property News, Per Bolund talks about the biggest challenges in the coming years and why his party has renounced their position on one of the housing issues.