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Deutsche Wohnen : in Berlin the Senate is behind a buy-back of flats

pushes The announcement of the Governing mayor Michael Müller (SPD) to the real estate group Deutsche Wohnen large housing stocks to buy, the coalition internally, with a positive response. With this idea, it is possible to work, the government parties SPD, Linke and the greens. Also, the financial politicians in the coalition have no fundamental objections to such a project.

It is, if you take Müller to the word, to 51.000 include formerly state-owned rental apartments, which were sold in 2004 for € 405 million to the US Fund companies and since November 2013, the Deutsche Wohnen. A joint-stock company, which owns in Berlin, almost 115,000 of apartments and a market value of almost $ 17 billion. The red-red-green budget - and construction experts acknowledge that even a partial re-nationalisation of Deutsche Wohnen would be a billion-dollar project that, in several tranches, stretched over many years is feasible.

Left: the Foundation of a country's own assets

Provided, that the mayor planned sales calls with the group materialise. "But beginning to realise that they need the Senate as a Partner," says the Green-group managing Director, Daniel Wesener. Continuous acquisitions, not only in the Karl-Marx-Allee, environment protection and housing supervision in the districts and the non-approval of expensive renovations, "attack the business model of Deutsche Wohnen is held by the maximum return out," said Wesener. The public is not defenseless.

An offensive acquisition policy is, according to the Green politician, "neither financial Hara-Kiri is still socialism." With his announcement, Müller moving to the Terrain of the coalition agreement, which promises an increase of the urban housing stock by 2025 "through the new building and the purchase of up to 400,000 apartments". Currently, the municipal housing companies and state-owned real estate company Berlinovo have around 32. 000 apartments. Not counting those 3500 Federal apartments in Berlin, which wants to take over the Senate. The goal is so ambitious – as the Deutsche Wohnen.

to accept the stocks, completely or partially, before hovering to the Left-householder Steffen Zillich, the Foundation of a country's own assets, the the tangent from 2020, applicable to the debt brake for the Federal government and the Länder. Now, it had managed to take with the help of the municipal right of pre-emption of almost 3000 apartments, without overloading the budget. So far, a financial pot for the right of first refusal (116 million euros) and an acquisition Fund (150 million Euro) are available in the normal budget and in the investment Fund, Siwana, which is fed by surpluses from the budget.

criticism from the business associations

In Siwana were at the end of the year, yet two billion euros, about 400 million Euro of the Surplus in 2018 is expected. Only a portion of this money is tied to investment projects final and there is a Red-Red-Green first Considerations-free resources on the public housing and to focus the purchase of the next few years. Especially with the help of the municipal housing companies, whose capital base is to be strengthened. Currently, the six companies have an equity of 4.4 billion euros, in the past year, they invested a total of 1.2 billion euros and profits, which amounted, according to the participation report of the Senate, to 410 million euros. All of the companies are considered to be economically healthy.

"it is Important that we take a dual strategy," calls for the Green-construction expert, Andreas Otto. Boost publicly-funded construction is the same of stocks is important as the re-municipalisation of Housing. The SPD-Baupolitikerin Iris Spranger looks exactly the same. "New residential construction is an equal target." And when it comes to Municipalization, is Living the focus of your party friend Müller on the German right. "This is the most aggressive company in the market, something has to be done."

Spranger expected by the group, to the Senate approach, "to sit down with us at the table and to negotiate seriously". In the face of criticism from business associations and chambers of Commerce on the announcement of the mayor, the SPD politician assures us that "there is in the real estate sector, of course, very many investors, the rent properly and in Berlin, great projects and we work well together".

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