Adia takes 13 per cent stake in German apartment owner Deutsche Annington | The National

Adia takes 13 per cent stake in German apartment owner Deutsche Annington | The National:



"Abu Dhabi Investment Authority (Adia) has a 13.4 per cent stake in Deutsche Annington, Germany’s largest publicly traded owner of apartments.



The Abu Dhabi government-owned sovereign wealth fund was required by German financial rules to make the disclosure after a change in Deutsche Annington’s investment structure. Deutsche announced the disclosure yesterday in a statement.



Adia was one of the largest investors in the €2.1 billion (Dh10.52bn) Terra Firma Deutsche Annington Fund, set up in 2006 to hold the majority interest in Deutsche Annington.



Terra Firma, the UK-based private equity company that managed the fund, announced last week it was transferring ownership of its shares in Deutsche Annington to investors in the fund, giving them a direct shareholding in the property group."



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