Vonovia CEO Sees German Rents Rising on Worsening Housing Crunch

Vonovia SE plans to sell off €3 billion ($3.3 billion) of commercial properties, while retaining as much of its residential portfolio as possible to capitalize on expected rental growth.

To bridge a near-term financing gap, Germany’s largest landlord is planning to make the divestments in 2024, according to Chief Executive Officer Rolf Buch. The company is mainly looking to unload care homes and commercial properties, he said.

Rolf Buch

Photographer: Krisztian Bocsi/Bloomberg

“There are some assets we’d want to sell anyway,” Buch said in an interview at the company’s headquarters in Bochum, referring to properties acquired as part of the 2021 acquisition of ...