Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the Bochum-based residential housing company Vonovia SE (‘Vonovia’) on the sale of its stake of approximately 4.7 per cent in Deutsche Wohnen SE by way of an accelerated bookbuilding procedure.

At the close of trading on 31 January 2019, the block of shares held by Vonovia had a market value of circa. €733.2m. The proceeds will be used to further strengthen the balance sheet.

The Freshfields team included partners Gregor von Bonin and Rick van Aerssen, and associates Timo U. Piller and Nikolaus Bunting, as well as partner Mark Strauch and associate Kyle Miller.