The housing company Vonovia was criticized in July for announcing that it would lower the heating temperature in its apartments.
(Photo: imago images/Jürgen Ritter)
Bochum The real estate group Vonovia posted a significant increase in profits in the first half of the year. The Bochum-based group also confirmed its forecast for 2022. In order to reduce debt, Vonovia intends to sell more of its apartments in the future.
Profit from operating activities – Group FFO, the key figure for real estate companies – rose by 36.3 percent to EUR 1.06 billion in the first six months as a result of the takeover of smaller competitor Deutsche Wohnen, rising rents and a low vacancy rate , as the Bochum Dax group announced on Wednesday.
Vonovia swallowed up Deutsche Wohnen last year. Vonovia had put around 17 billion euros on the table for the acquisition.
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