Apollo to invest €1bn in Vonovia Northern Germany assets.

Apollo, an alternative investment manager, agreed to invest $1bn in Vonovia, a European multinational real estate company, Northern Germany assets. “We are pleased to broaden our partnership and provide another scaled capital solution to Vonovia by investing in a portfolio of high-quality, high-demand residential real estate assets creating attractive investment opportunities for our insurance platforms, funds and clients. This cost effective solution supports the capital plan of one of Europe’s leading real estate companies and demonstrates once more how Apollo is increasingly acting as a leading capital solutions provider to large global corporations active in many industry sectors, including Real Estate, Aviation, TMT, Consumer, Utilities, Transportation and Pharmaceuticals,” Jamshid Ehsan, Apollo Partner.