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Germany s biggest landlords seek to reassure Berliners over $22 bln merger

BusinessGermany s biggest landlords seek to reassure Berliners over $22 bln merger Matthias InverardiLudwig BurgerPamela BarbagliaAlexander Hübner 5 minute read 1/2 An office building of the German property group Deutsche Wohnen is pictured in Berlin, Germany June 2, 2020. REUTERS/Fabrizio Bensch/File Photo Read More Germany s two biggest listed landlords Vonovia (VNAn.DE) and Deutsche Wohnen (DWNG.DE) have agreed to join forces in an 18 billion euro ($22 billion) deal they hope will defuse tensions over soaring rents ahead of general elections in September. The country s biggest merger this year will create a European real estate giant with 550,000 apartments. It comes as Deutsche Wohnen has become the focus of popular anger in Berlin over tenant rights and affordable housing.

German property giants Vonovia, Deutsche Wohnen sign merger agreement

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