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Germany s biggest landlords agree $22 billion merger

4 Min Read FRANKFURT (Reuters) -Germany’s two biggest listed landlords Vonovia and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September. FILE PHOTO: An office building of the German property group Deutsche Wohnen is pictured in Berlin, Germany June 2, 2020. REUTERS/Fabrizio Bensch/File Photo The country’s biggest merger this year, which will create a European real estate giant with 550,000 apartments, faces criticism in Berlin, where tenant rights and rising rents are a contentious issue. Analysts say the transaction - the largest European real estate deal on record, Refinitiv data show, and Vonovia’s third attempt to swallow Deutsche Wohnen - should encounter few antitrust concerns in a fragmented market.

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

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 that they hope will defuse tensions over soaring rents ahead of general elections in September.

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