Vonovia: Germany based Landlord expands across Europe
Since a couple of years the DAX listed real estate trust Vonovia – a product of sell outs of social housing in Germany to financial investors – is also the largest private landlord in Austria and Sweden and has a stake in a French housing company. At June 26 it announced the first step of its expansion to the Netherlands. Tenant activists and critical observers in Germany, Sweden, and the Netherlands fear that the growing power of this and other transnational corporate landlords will push the increase of rents across Europe. They demand a re-distribution of Vonovia’s high rent extractions through rent caps and rent reductions, climate just housing renewals and a solidarity fund for social housing support.