POELLATH advises Deutsche Wohnen SE on sale of part of its nursing home portfolio in Hamburg
Deutsche Wohnen SE, a subsidiary of Europe’s largest listed residential landlord, Vonovia SE, has sold its nursing home portfolio in Hamburg. As part of the transaction, the Hamburg-based Gesellschaft für Vermögens- und Beteiligungsmanagement (HGV) is acquiring the business operations of Pflege & Wohnen Hamburg (P&W) with a total of 13 nursing home locations and approximately 2,400 nursing beds, as well as the shares in the real estate companies. The total transaction volume amounts to approx. EUR 380 million.
Thus, the city of Hamburg brings Pflege & Wohnen Hamburg back under its wing after its privatization in 2007. The reconveyance aims to ensure the long-term availability of nursing care beds and protect the rights of employees and residents.
POELLATH advised Deutsche Wohnen SE on all legal and tax matters related to the transaction with the following team:
- Dr. Stefan Lebek (partner, real estate lead, Berlin)
- Jens Hörmann (partner, M&A/private equity lead, Munich)
- Dr. Hardy Fischer (partner, tax lead, Berlin)
- Daniel Wiedmann (associated partner, competition/antitrust law, Frankfurt)
- Sebastian Pasch (associated partner, real estate law, Berlin)
- Alexander Pfefferler (counsel, M&A/private equity, Munich)
- Vanessa-Mercedes Völlkopf (senior associate, tax, Berlin)
- Ksenia Marchenko (associate, M&A/private equity, Munich)
