Vonovia: Real Estate Group Benefits From Higher Rental Income
6 Articles
6 Articles
Not all areas did well for Vonovia – higher interest rates make real estate sales more difficult. Meanwhile, long-time Chief Financial Officer Philip Grosse does not extend his contract.
In the midst of the interest rate crisis, Vonovia-CFO Philip Grosse announces his farewell – it is the second in the financial sector. For the highly indebted group, the timing is unthinkable.
Germany's largest residential real estate group, Vonovia, continued to benefit from higher rental income in the first nine months of this year. In addition, the business with additional services developed significantly better, as the company announced on Wednesday when presenting final figures. Bochumer, on the other hand, performed less well in the sale of apartments and in the new construction business. [...]
Germany's largest residential real estate group, Vonovia, continued to benefit from higher rental income in the first nine months of this year. In addition, the business with additional services developed significantly better, as the company announced on Wednesday when it presented final figures. However, it went less well for Bochumers in the sale of apartments and in the new construction business. There, the rise in interest rates in recent mo…
Vonovia benefits from higher rents, but increased financing costs burden the business. The Chief Financial Officer does not renew his contract.
The housing giant clearly feels the rise in interest rates: sales and new construction are stagnating. In addition, Chief Financial Officer Philip Grosse does not want to extend his expiry contract.
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