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)
Frankfurt The share of the housing giant Vonovia reflects the displeasure of the investors: Since the beginning of the year, the stock listed in the Dax has lost above average. Now CEO Rolf Buch is reacting: He announced that he will part with real estate with a volume of around 13 billion euros in the coming years.
The nursing home division of the subsidiary Deutsche Wohnen is also up for sale, as the Handelsblatt reported a few weeks ago. And already at the beginning of the year, Vonovia had announced that it would increasingly sell self-built apartments instead of taking them into its own portfolio.
Vonovia also wants to open up to joint ventures with investors. The hoped-for proceeds are intended to be used to reduce the debts, which have increased significantly, above all as a result of the takeover of Deutscher Wohnen.
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