Overview

• Deutsche Wohnen & Co enteignen presented a 20-page Vergesellschaftungsgesetz with 37 sections and a 100-page legal rationale after two years of work.
• The draft targets corporate owners with more than 3,000 Berlin flats, moving eligible stock into a new public-law body while allowing each affected company to retain 3,000 units.
• Compensation would fully cover building value but discount land value using a 2011–2013 baseline plus 3.5% annual growth, resulting in roughly 40–60% of current market prices.
• Payouts would be made via securities serviced over 100 years at 3.5% from rental income, which the initiative says would not burden the state budget.
• A public consultation runs through year-end before a 2026 signature drive for a binding referendum, building on the 2021 vote for socialization and a 2023 finding of legal admissibility.