Overview

• CEO Rolf Buch said Vonovia would provide or build and manage accommodation for soldiers if asked, using cooperation agreements to grant occupancy rights.
• Germany’s active force stands at about 183,000, with NATO-driven plans calling for at least 260,000 personnel in the coming years.
• Vonovia resumed new construction after a two-year pause and plans 3,000 housing starts in 2025, with land reserves suitable for up to 70,000 units.
• Buch warned that all-in building costs exceed €5,000 per square meter and must drop below roughly €3,500 per square meter to support affordable new-build rents.
• The company cited financing constraints and called government ‘Bauturbo’ procedures and cheaper KfW credit an initial boost that still needs time to translate into scalable, affordable projects.