Clearwater International advises the City of Wiesbaden on acquisition of a portfolio of 2,800 residential properties

Clearwater International acted as sole financial adviser to the City of Wiesbaden which has acquired a portfolio of 2,800 residential properties through its real estate company GWW. The properties are located in the urban area of Wiesbaden - Amöneburg, Kostheim and Kastel (“AKK”) - and were purchased from Wohnbau Mainz GmbH, a municipal company of the City of Mainz.

The purchase price of €150m is an essential part of the necessary financial restructuring of Wohnbau Mainz GmbH, with a balance sheet volume of approximately €1bn. Through this transaction the City of Wiesbaden ensures that the AKK properties remain under municipal control.

  • Image of City of Wiesbaden Company Logo
    acquired
    Image of 2,800 residential properties Company Logo
    from
    Image of Wohnbau Mainz GmbH Company Logo
    Buy-side
    Undisclosed
    Clearwater Advisers

    Adviser to City of Wiesbaden on its acquisition of 2,800 residential properties from Wohnbau Mainz GmbH

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Clearwater Advisers