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Vonovia Offers to Build and Run Housing for Bundeswehr Expansion

The landlord positions itself as a partner for the army’s growth with housing access framed as critical to recruiting.

Overview

  • CEO Rolf Buch said Vonovia would provide, build and operate dedicated accommodation for soldiers if asked.
  • He said cooperation could include granting the Bundeswehr occupancy rights to company-managed homes.
  • The Bundeswehr has about 183,000 active personnel and is targeting at least 260,000 under NATO goals, which would increase housing needs.
  • Vonovia plans to start construction of 3,000 apartments in 2025 and holds land suitable for up to 70,000 units.
  • Buch warned total build costs exceed €5,000 per square metre and must fall below roughly €3,500, adding that financing remains constrained despite policy steps like the 'Bauturbo' and cheaper KfW loans.