• Transactions

Süddeutsche Wohnen/Patrizia Sale of WEG Administrative Business

The Company

Süddeutsche Wohnen (SÜDEWO), with a portfolio of 21,000 apartments in Baden-Württemberg, was created in 2012 from LBBW Immobilien and was acquired in the same year by the listed Patrizia AG for approximately EUR 1.4 billion. In addition to existing properties, the company is also active in various areas of real estate services, including Property-Owner Association with approximately 17,000 managed units.

The Transaction

Following its acquisition by Patrizia AG, The Property-Owner Association was no longer part of SÜDEWO's core business and was therefore planned to be sold in a structured sales process. A time frame of only three months was planned for this transition process. ARGONAS implemented the transaction within the advised timeframe and advised SÜDEWO on the successful sale to a national competitor in the context of a share deal.

Scope of Mandate

ARGONAS fully advised and supported the company as exclusive sell-side advisor in all streams of the preparation and implementation of the process.