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Capital News
Deutsche Wohnen has collected €195.1 million gross from institutional investors with a multiply oversubscribed capital increase. Thus, the real estate group has increased its share capital by 14,614,285 shares, from €146,142,858 to €160,757,143. The funds will be used for further acquisitions. The proceeds from the last two capital increases in November 2011 and June 2012 in the amount of approximately 620 million euros were almost entirely invested within a year in acquisitions in Dusseldorf, the BauBeCon inventories, acquisitions in the Berlin area and a further portfolio of approximately 5,100 residential units.