Overview

• CEO Rolf Buch said Vonovia can provide or build flats and grant occupancy rights to the military through partnerships.
• The Bundeswehr counts about 183,000 personnel, with NATO targets calling for at least 260,000, a gap that heightens housing needs and recruitment concerns.
• Vonovia restarted new building with 3,000 apartments slated to begin in 2025 and holds land for up to 70,000 units, though financing remains a hurdle.
• Buch cited total new-build costs above €5,000 per square meter and said affordability requires costs below roughly €3,500 per square meter.
• The government’s ‘Bauturbo’ offers faster approvals, planning-law deviations through 2030 and cheaper KfW loans, which Buch welcomed as an initial step that will take time to translate into projects.