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Vonovia

Investment fund - Investment company / Residential developer

Last update May 21, 2019 | Report an error

Thorsten Arsan

Head of Finance, Front Office

Rolf Buch

Chief Executive Officer (CEO)

Edgar Ernst

Supervisory Board Chairman

Klaus Markus

Head of Corporate Communications

Helene Von Roeder

Chief Financial Officer (CFO) - Member of the Management Board

Housing

German firms say private capital is acting responsibly to close housing gap

Deutsche Wohnen, the main target of Berlin's housing expropriation debate, plus Germany's largest residential owner Vonovia, say private capital is acting responsibly to meet shortages. Initiated in early (...)

Listed

Vonovia raises Swedish Victoria Park stake, starts squeeze-out, delisting

Germany's Vonovia has raised its stake by 10% in Sweden's Victoria Park to 91.4%, and initiated a compulsory purchase of remaining shares in preparation for a de-listing. In (...)

Listed

Vonovia raises €744m fresh cash after increasing equity placement

Germany's Vonovia has generated €744m in an accelerated bookbuilding equity placement with institutions, increasing the cash raise from the initial €650m target. The Bochum-based company, the world's largest residential (...)

Listed

Vonovia 1Q FFO jumps 20% helped by Buwog, Victoria Park

Germany's Vonovia, the world's largest private sector housing landlord, reported a 20%yy jump in first quarter FFO to €303.6m, helped by acquisitions in Austria and Sweden. At the (...)

Housing

Common approach not expropriation fantasies needed to solve Berlin's housing shortage

The initiative Expropriate German Housing & Combat Speculation aims to expropriate private homeowners with more than 3,000 apartments in Berlin. On the agenda are Deutsche Wohnen, (...)

Finance

Impact investing with ecological, social standards said at 5%, growing fast

Impact investing, limiting capital allocations to strategies that meet ecological and social guidelines, is now pursued by some 5% of global institutions. But more is needed, (...)

Housing

Vonovia still eyeing France, Sweden, NL - keen to grow outside Germany

German residential giant Vonovia is keen to grow beyond Germany, especially in France, Sweden and the Netherlands, and is at pains to combat European public doubts over private (...)

Listed

Germany's Vonovia grows 2018 FFO 15.8% to €1.1bn, expects further 2019 rise

The world's largest private housing group, Germany's Vonovia, for 2018 reported a 15.8% increase in FFO to €1.07bn, and expects to boost this as high as €1.19bn (...)

Housing

France's Nexity agrees to produce 8,000 homes for CDC Habitat

France's largest residential developer, listed group Nexity, is boosting sales for professional landlords, and has agreed with state-owned CDC Habitat to produce 5,000 intermediate and 3,000 (...)

Listed

Germany's Vonovia raises €698m with sale of Deutsche Wohnen stake

Bochum-based housing giant Vonovia has raised €698.1m with the sale of its stake in German listed peer Deutsche Wohnen via an accelerated bookbuilding offer to institutions. Made at €41.50 (...)

Finance

Germany's LBBW, pbb extend €500m 10yr loan facility to Vonovia

Two German lenders, Landesbank Baden-Württemberg and pbb Deutsche Pfandbriefbank are jointly providing a €500m 10-year loan to German listed housing giant Vonovia. Pbb said in a release that the funds are being provided by both (...)

Housing

French CDC's Ampère raises €900m commitments for new housing fund

French Ampère Gestion, part of French state financier CdC which led the first-ever takeover of a public sector housing portfolio last summer for €1.4bn, has raised €906m in (...)

Housing

German 2018 resi investment slips to €15bn but notable for first-time buyers

German residential investment slipped by a modest 3%yy to €15.1bn last year, and was marked by the entry of several first-time buyers, says adviser Savills. Despite the (...)

Housing

German 2018 resi investment up 16% at €16bn; 2019 may be hit by supply - BNPPRE

Investment in German residential real estate rose 16%yy to €16.3bn in 2018 but, says adviser BNP Paribas Real Estate, even if demand is strong, turnover this (...)

Housing

Vonovia's Victoria Park, in largest Swedish deal, adds 2,340 flats for €456m

In Sweden's largest deal of 2018, Victoria Park, a unit of Germany's Vonovia, has agreed to pay SEK4.7bn (€456m) for two residential portfolios with 2,340 apartments (...)

Housing

Germany's Vonovia to cut energy investments 40% after tenant rental concerns

German listed housing giant Vonovia is cutting its investments in energy modernisation in apartments by 40% due to tenant concerns over the resulting rental rises. In a (...)

Housing

French railways to invest €3bn in new housing, refurbishments

ICF Habitat, the housing arm of French railway SNCF which this year sold off a €1.4bn portfolio in a landmark deal, aims to invest €3bn over the (...)

Housing

Why we acquired the SNCF/Vesta housing portfolio

Swiss Life Asset Managers and Ampère Gestion, a unit of French state institution CdC, were revealed last month as winners of the largest French housing portfolio (...)

Finance

Swedish 9mth real estate investment, boosted by residential, rises 9%

Sweden's real estate investment rose by 9%yy in the first nine months of 2018 to SEK110bn (€10.6bn), with residential making up the largest share at 35%, (...)

Housing

In Denormandie France has its first minister for housing. Period.

After the government reshuffle today France has its first minister for housing. Period. Not for urban planning; not also for cohesion or equality of territories. Just (...)

Housing

Berlin manager acquires two mandates, 750 flats worth €90m from Union

Berlin private investment manager Deutsche Asset One has acquired 750 apartments valued at around €90m in two separate account mandates from Union Investment Real Estate. In a (...)

Housing

CDC Habitat, Swiss Life confirm group buy of SNCF resi portfolio

Following a BIE report, French CDC Habitat and Swiss Life Asset Managers have confirmed that their group, which includes Germany's Vonovia and two state pension funds, has bought (...)

Housing

Foreign ownership in French housing is no cause for concern

The participation of Germany's Vonovia and Zurich's Swiss Life in the winning bid for French SNCF's housing portfolio is good for Europe, good for France – and may (...)

Housing

Vonovia confirms 10% stake in CDC Habitat's SNCF resi portfolio buy

Germany's giant listed housing group Vonovia, responding to a BIE report, has confirmed it has a 10% stake in the consortium led by CDC Habitat that (...)

Housing

France's CDC, backed by Germany's Vonovia, said winner of SNCF housing at €1.4bn

With a near €1.4bn bid, France's CDC Habitat, backed by two state pension funds and Germany's Vonovia, has won the 4,000-unit housing portfolio sold by rail (...)

Housing

German resi investment at €15bn ytd as foreign buying continues

Live from Expo Real (Münich) - German residential investment year to date has reached €14.9bn or 103,000 units, says adviser JLL, 37% above year-ago as international (...)

Housing

US Greystar launches French student/PRS platform under new MD Kurata

US-based housing group Greystar is launching a platform in France to acquire and develop student and private rented residential, and is opening an office in Paris (...)

Finance

EPRA delegates rise as investors, analysts seek undervalued assets, M&A

There seems little doubt that the more than 400 delegates to the EPRA conference last week reflected the rising interest in listed real estate due to (...)

Listed

Germany's Vonovia buys Starwood out of Sweden's Victoria Park

German listed housing firm Vonovia has acquired the US Starwood Capital Group's full stake in Sweden's Victoria Park at its original offer price, taking its holding (...)

Listed

Listed housing firms such as Vonovia to boom in Europe – EPRA

Publicly-quoted housing firms like Germany's giant Vonovia will boom in Europe as policymakers grapple with soaring demand, EPRA executives say. Markets in Netherlands and Spain will (...)

Listed

Growing investor interest boosts EPRA Berlin conference over 400 participants

The EPRA annual conference in Berlin, which starts today, has attracted over 400 participants, the largest to date, as investors seek personal contact with execs from (...)

Listed

Vonovia raises 1H FFO 11% to €510m, now manages 404,000 residential units

Germany's Vonovia boosted first half funds from operations 11.5% to €510.3m without contributions from its two takeovers, Austria's BUWOG and Sweden's Victoria Park. Including these, it now manages 404,000 residential (...)

Housing

German 1H resi deals up 19% to €8.8bn on Vonovia, Adler - Savills

First half German residential investment rose 19% to €8.8bn, propelled by the takeover of Buwog by Vonovia and the 70% of Brack Capital bought by Adler Real Estate, says adviser Savills (...)

Housing

Spanish rental housing firm Testa lists on MAB without IPO

Testa Residencial has listed on Spain's MAB exchange without an IPO, becoming Spain's largest rental housing REIT/SOCIMI with over 10,000 apartments. It shares rose 1.44% to €14.10 from the (...)

Listed

Spain's Testa issues IPO prospectus at €1.8bn market cap for €13.86 shr

Testa, the Spanish housing firm owned by creditor banks, REIT/SOCIMI Merlin Properties and Acciona Inmobiliaria, has issued its stock market prospectus targeting capitalisation of €1.83bn at a share price of €13.86. What (...)

Listed

Germany's listed TLG replaces co-CEO duo with Overath, Klinck

Listed Berlin commercial real estate group TLG has suddenly dismissed its two chief executives Peter Finkbeiner and Niclas Karoff, and will replace them with Jürgen Overath (...)

Housing

Sagi's entry to Spanish housing will further energise a fast-moving sector

Because he has shown perfect timing elsewhere in European housing, Israeli billionaire Teddy Sagi's entry into Spain will energise an already fast-moving sector. Prices are still (...)

Finance

Nordic 1H property transactions near €21bn, driven by residential - Pangea

Property transactions in the Nordic countries in the first half neared €21bn, the second highest ever, driven by large international investments in the residential sector, says Pangea (...)

Finance

Berlin's CapitalBAY aims to add €1bn AUM this year to reach €3.5bn

Privately-held Berlin property investment manager CapitalBAY aims to increase assets by over €1bn this year to reach €3.5bn, says CEO George Salden who now owns a majority in the firm (...)

Housing

Housing: A third pillar is possible - residential property companies

As the first reading of the ELAN housing bill comes to an end in the French National Assembly, it is clear that France needs a third pillar (...)

Finance

German Vonovia's bid for Swedish Victoria Park succeeds at 58% acceptances

Germany's giant listed housing firm Vonovia has declared its €898m cash offer for Sweden's Victoria Park successful, accepted by 58% of shareholders, and says it will extend the offer to (...)

Housing

French CDC Habitat takes stake in 63,000-unit northern social housing firm

CDC Habitat, the housing manager of French state financing institution CDC and partner of Germany's giant Vonovia group, is to take a 34% stake in Maisons & Cités, (...)

Listed

US Starwood wins few takers for Austrian CA Immo, Immofinanz offers

US private equity firm Starwood Capital, which Wednesday announced 24.4% acceptances in a Swedish housing group bid, has by contrast won only a fraction of takers for (...)

Listed

US Starwood wins 24% acceptances in bid for Swedish Victoria Park

US private equity firm Starwood Capital has announced acceptances of 24.4% in its takeover bid for Swedish listed housing firm Victoria Park, and will go ahead and purchase the (...)

Housing

German Union/ZBI resi fund increases to €781m AUM, eyes €1bn soon

The German residential investment fund managed jointly by cooperative banking manager Union Investment Real Estate and ZBI has boosted assets by €260m to €781m, and the firms said (...)

Housing

Spain’s Testa finalises €207m Caixa resi buy with €92m borrowing

Spanish housing firm Testa Residencial, currently being prepared by its owners for an IPO, has signed a €92m credit financing for the €207m acquisition of 1,329 apartments (...)

Housing

Vonovia in €1bn equity raise to fund Swedish bid, increases 2018 guidance

German listed housing group Vonovia has raised nearly €1bn in an accelerated private placement to help finance its near-€900m takeover offer for Sweden's Victoria Park. It also announced (...)

Housing

Sweden, Netherlands, France, Spain in frame outside Germany - Vonovia CFO

German housing giant Vonovia is looking in detail at four countries outside Germany to grow its residential portfolio: Sweden, The Netherlands, France and Spain, CFO Stefan Kirsten told Bloomberg in (...)

Housing

German Vonovia offers €898m for Sweden's Victoria Park, topping Starwood

Europe's largest listed housing company, Germany's Vonovia, is making its first foray outside the German-speaking world, bidding €898m, SEK38 per share, for Sweden's Victoria Park in a recommended offer (...)

Housing

Is Germany's Vonovia bidding for French SNCF's 4,000-unit resi portfolio?

In a deal being watched at home and abroad, French railway SNCF is selling a portfolio of 4,000 homes in a rare public sector sale that has been (...)

Office

JLL widens into listed RE capital advisory, also stressing S.African needs

Global property advisor JLL is extending its corporate finance advisory into the listed sector in Europe, placing some emphasis on advising South African firms interested in euro returns, (...)

Housing

Spain's Testa housing group in €89m pre-IPO capital raise to cut Merlin Property ties

Spanish housing group Testa, being prepared for an IPO in the next few months, is to make a capital increase of €89m for subscription by REIT/SOCIMI Merlin Properties to (...)

Housing

Spain's Testa, with 11,000 resi units, to IPO before summer - Merlin's Clemente

Spanish REIT/SOCIMI Merlin Properties intends to float housing affiliate Testa Residencial on the stock market before summer to become the nation's first listed residential investor, CEO Ismael Clemente says. Its holdings have (...)

Listed

German housing giant Vonovia boosts 2017 FFO by 21% to €921m

Vonovia, Germany's largest housing company, boosted FFO1 by 21% to €920.8m in 2017 due to organic, internal growth but also the integration of Vienna-based conwert. EPRA (...)

Finance

Norway's Pension Fund ends 2017 with 3.4% of €881bn AUM property exposure

Norway's Government Pension Fund Global held 2.6% of its €881bn assets in unlisted real estate at end-2017 which produced a return of 7.5% - second but (...)

Housing

Finnish housing firm Kojamo confirms evaluation of stock market listing

The chief executive of Finnish rental housing firm Kojamo, which owns over 34,000 residential units worth €4.7bn and is currently controlled by domestic institutions, confirmed to Business (...)

Finance

Germany's Corestate appoints Bütter as new CEO to succeed Wilhelm

Listed German real estate investor and manager Corestate Capital has appointed a new chief executive to succeed Sascha Wilhelm. He is Michael Bütter, a senior adviser (...)

Housing

Engel & Völkers advises €73m Buwog German resi acquisition

Hamburg-based Engel & Völkers Investment Consulting said it accompanied the successful purchase of a residential portfolio by Viennese firm Buwog from London-listed Phoenix Spree Deutschland (PSDL) as part of a (...)

Listed

German TLG in spotlight as major shareholders assess new 23% investor

German listed TLG, managing €2.4bn in commercial real estate, is in the spotlight this week after investor Amir Dayan said he potentially controls 23% of the firm. (...)

Listed

German residential developer Instone to favour IPO in first half - BIE sources

German residential property developer Instone, formed last year by the Jersey-based ActivumSG from two subsidiaries, is likely to favour a stock market flotation this year to (...)

Logistics

Poste Immo looks into future for huge 11,000-property stock across France

Poste Immo, the property management unit of France's giant public sector La Poste postal service, is tasked with foreseeing the future for its 11,000 buildings and 6.5m sqm (...)

Office

Germany's listed Patrizia acquires UK-based Rockspring, boosts AUM to €40bn

In the second large German acquisition this week, listed Augsburg-based Patrizia announced Tuesday that it is buying the London-based real estate fund manager Rockspring, boosting managed assets to around (...)

Housing

German housing group Vonovia to take over Austrian peer Buwog at €29.05 shr

Giant German residential group Vonovia said on Monday that it is making an agreed offer to acquire smaller Austrian peer Buwog at a price of €29.05 per share, valuing the (...)

Housing

French SNCF railways to spin off €1bn in housing, unions say

French state railways group SNCF is preparing to spin off €1bn of real estate by creating a separate firm and attracting private capital, according to union representatives. This (...)

Finance

German listed property AUM passes €100bn, nears largest UK sector – ZIA/Barkow

German listed real estate passed €100bn in gross value of managed assets for the first time this year, rising 26%yy to €114bn, only €12bn short of (...)

Housing

Vonovia looks beyond Germany for housing, signs agreement with French SNI

Germany’s largest listed housing group Vonovia has made the decision in principle to seek residential assets outside Germany, and signed an agreement Wednesday with the French SNI Group to start (...)

Housing

German resi stocks still offer value; price, rental cycle to go further

Investment bank HSBC remains optimistic about German residential real estate, saying in a study of the sector Monday that the end of the price and rental (...)