Solidarity, not Dividends! European Landlord VONOVIA should not profit from the Crisis
Tuesday, June 30, VONOVIA SE, the largest private landlord in Europe, will hold its annual shareholder meeting. Although tenants and cities suffer from the consequences of the Corona crisis, the board of VONOVIA SE proposes to spend 851 million Euro for the dividends of the shareholders. The Platform of Ethical Real Estate Share Holders, a group of tenant activists and critical observers of the financialised housing business, demands the opposite. The enormous profit of the business year 2019 should be re-distributed for reduction of rents and the coverage of the social costs of the crisis in future.