This year’s general meeting of Vonovia SE, the largest housing company in Europe, will only take place virtually on the internet. But this does not stop a broad alliance of tenant organisations and critics of the company from demonstrating against the business practices and the growing power of Vonovia, LEG and similar companies. On Saturday, 23 April 2022, they want to take their protest to the streets of Bochum. Starting at 12.30 pm in front of the main railway station.
Category Archives: Transnational Landlords
Vonovia: Expropriation Target No. 1 in Berlin presents it’s Interim Report
Today, listed Vonovia SE, the largest private landlord in Europe, announced its interim results for the first 9 months. It is the first economic report after the takeover of the majority of shares of number 2 in Germany, Deutsche Wohnen SE. Most of the Deutsche Wohnen flats are located in Berlin, where a plebiscite for the expropriation of the apartments of large landlords recently achieved a clear majority. If the demands of this plebiscite were implemented by the state government, the enlarged Vonovia would have to cede its 157,000 apartments in Berlin to an institution under public law in return for compensation. While campaigners in Berlin are calling for a fast implementation of the plebicite, tenants in other parts of Germany are preparing or a long struggle.