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.
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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
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Dierk Rottmann
Dierk Rottmann Managing Partner -
Markus Otto
Markus Otto Managing Partner