agreed to purchaseresidential and commercial units in Berlin for €218 million.
The companysigned agreements with several entities from Germany and Luxembourg for the acquisition,whereby it will acquire approximately 95% of the shares in the entities.
The totalunits amount to 1,905, with 1,877 residential units and 28 commercial ones. Theassets are in the German districts of Schöneberg, Wilmersdorf and Neukölln. Theresidential portfolio has a vacancy rate of less than 1%.
The acquisitionis expected to complete by the end of August.
ADO Propertiesestimates that the portfolio will contribute €6.9 million toward its annual FFO1based on its targeted loan to value ratio of 50%. No material impact is expectedon NAV per share from the acquisition.