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Vonovia SE: Vonovia sells Berlin housing stock from the Future and Social Pact for Housing to municipal housing companies - Seite 2

"As well as contributing to the expansion of municipal housing stock, we continue to stand by our commitments to limit regular rent increases across our combined Berlin portfolio until 2026 and to build 13,000 new flats in Berlin. In this way, we will create more affordable, needs-based and climate-friendly housing - especially for young families. Only by working with political and social partners in the city will we succeed in tackling the challenges facing Berlin's housing market," Buch adds.

Vonovia is already committed to the goal of relieving pressure on the housing market by building attractive, affordable and climate-friendly apartments. The company constructs more than 2,000 new homes every year and is steadily increasing this volume. In the process, Vonovia is increasingly opting for the use of wood, a renewable raw material. The construction of around 700 flats in a modular timber design is already underway or complete. Vonovia is currently building 60 flats in the Berlin district of Reinickendorf. This new modular timber housing project will store 800 tonnes of CO2.

 

About Vonovia

Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 414,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,000 apartments. Its portfolio is worth approximately € 63.0 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of around 11,000 employees.