Vonovia SE (“Vonovia”) held its Annual General Meeting today. The shareholders resolved to pay a dividend of €1.22 per share (2023: €0.90) for the 2024 financial year, as proposed by the Supervisory Board and the Management Board. This represents an increase of around 36% compared with the previous year and underlines the company’s successful trajectory. As in previous years, shareholders can choose between scrip dividends and traditional cash dividends.

With the launch of its first training and development centre in Berlin today, Vonovia is raising the bar in recruiting skilled staff and in training and developing its crafts teams. Spanning around 3,000 square metres, Vonovia is setting a new benchmark in vocational training with tech-enabled workshops, training facilities and practical learning spaces for up to 220 trainees a year. The centre will also cater for continuing professional development, focusing on energy and building systems as well as courses in cutting-edge technologies such as heat pumps and photovoltaics.

Today, the Supervisory Board of Vonovia SE (“Vonovia”) unanimously decided to appoint Luka Mucic as the new CEO of Vonovia. Rolf Buch will turn over the leadership of the company at the end of the year. Until then, he will remain responsible for Europe's leading private residential real estate company, and will introduce Luka Mucic to his new role.

The shareholders of Vonovia SE (“Vonovia”) support the company’s intention to conclude a domination and profit and loss transfer agreement with Vonovia as the controlling entity and Deutsche Wohnen as the controlled entity.