Vonovia Back on Growth Track After Property Crisis

Germany's largest real estate group, Vonovia, is shifting back to growth mode following the recent property crisis.

According to presentations released Tuesday for an analyst and investor day in Bochum, Vonovia is making good progress in implementing its strategy towards its mid-term targets. The DAX-listed company, led by outgoing CEO Rolf Buch, aims to continue advancing in the second half of the year—progress that will be reflected in its goals for 2026.

"After our turnaround, we can now, for the first time, fully leverage the advantages of our platform and the benefits gained from integrating Deutsche Wohnen," CEO Buch announced as recently as May. Vonovia plans to expand its range of residential services, project development, and the individual sale of apartments. The company also needs to build more, faster, and above all, more cost-effectively. The presentations detailed the steps to achieve these goals. "The potential of our land holdings allows for almost 70,000 new residential units," Buch noted. Vonovia also intends to increase investment and develop new business areas related to construction and housing.

Buch announced in early May that he would leave the industry leader he shaped at the end of the year. His successor will be Luka Mucic, former SAP executive and Vodafone CFO.

(Reporting by Matthias Inverardi; edited by Ralf Banser. For questions, please contact our newsroom at [e-mail] (for politics and economy) or [e-mail] (for companies and markets).)