Facts about Vonovia

A housing company at the heart of society, a home for our tenants – that is Vonovia. The company’s roots, and those of its predecessor organisations, lie in non-profit housing and factory housing in the Ruhr region in the 19th century. Vonovia manages a housing portfolio of around 531,000 flats in almost all attractive cities and regions of Germany, as well as in Austria and Sweden. In addition, it manages more than 76,200 residential units. With a portfolio value of around 84.4 billion euros, Vonovia is Europe’s leading private property company.

As a result, Vonovia recognises that it has a special responsibility – towards its shareholders, but first and foremost towards its tenants and society. Social considerations are therefore particularly relevant to its business decisions. As a stable company, Vonovia is playing its part in finding solutions to the major challenges currently facing the housing market. The company is committed to greater climate protection, more age-appropriate housing and harmonious community life in neighbourhoods. Furthermore, Vonovia is playing its part in what is currently a particularly important social task: the construction of new homes.

Providing tenants with affordable, attractive and liveable homes is what drives our staff every day – whether in administration, customer service, or on site through property managers, technical services and neighbourhood services.

Comparing Vonovia’s average rents with one another is not meaningful. This involves comparing different portfolios, which are therefore not comparable. Our portfolio is constantly changing, partly as a result of acquisitions, disposals and new-build projects.

Since 2015, Vonovia has carried out extensive modernisation work on many of the flats that have become vacant following a change of tenant. The focus is primarily on making the flats accessible for people with disabilities, but heating systems and windows are also being replaced. As a result, the flats have a much higher standard of living following modernisation.

Our hardship management team also supports tenants experiencing financial difficulties. Since its introduction in 2018, we have already been able to help in several thousand cases (including the over-70s scheme).