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Real estate group : Vonovia wants to double housing

With a billion profit in the back to double the size of Germany's largest real estate group Vonovia the construction of new homes. After 1100 apartments in the

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Real estate group : Vonovia wants to double housing

With a billion profit in the back to double the size of Germany's largest real estate group Vonovia the construction of new homes. After 1100 apartments in the last year of 2019, at least 2000 units will be completed, as Chairman of the Board Rolf Buch announced on Thursday at the annual press conference in Düsseldorf. The lack of building permits prevented even more new buildings. "It is not the land and not the money," said book.

Vonovia rented a total of around 400,000 homes of their own in Germany, Austria and Sweden. Due to the significantly increased cost of land and construction of new buildings could be in large cities, often only as a Combi-package consisting of rental apartments and condominiums realized, said Vonovia-Executive Board Daniel Riedl. While the majority of the plot will cost be covered by the sale of condominiums.

flats for old people

A pressing Problem, the chief Executive officer of book looks at the provision of age-appropriate housing. In Germany would be needed in a little more than ten years, around three million homes in which older people could live. "We have less than a Million," said book. Also, these Figures showed that a total societal effort in the housing sector was necessary.

acquisitions abroad, as well as higher rental income have pushed up the operating result after interest and taxes, for the first time the mark of one billion euros. With 1.07 billion Euro, the Dax-listed companies increased year-on-year 16 per cent. The dividend is expected to climb to 2018, as planned, to 12 cents to 1.44 euros per share.

rental income increased with continued low vacancy and a good 13 per cent to almost 1.9 billion euros. The average rent increased by 4 percent to 6.52 euros per square meter. "The rents are not a Luxury," said book. Vonovia not a price driver, "neither in the inventory nor in the case of new lettings".

revenue for renovation

projects In the modernization and maintenance, as well as the construction of new homes Vonovia want to invest in this year around two billion euros, to almost 1.6 billion euros in the past year. Book reiterated the notice, to limit the rent increases after modernisation to two euros per square meter. Vonovia was in response to protests of the tenants.

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With the reduced set of complex rehabilitation of settled projects is not feasible, stressed book. The current level of five per cent of modernised flats in the year could not be obtained, therefore, well maintained. In the past year, the Rent had been increased after renovations in an average of 1.50 euros per square meter. (dpa)

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