Real Estate: Are you the "head of the rent mafia", Mr. Mucic?
The Vonovia CEO is speaking to Handelsblatt for the first time about the Left's plans to expropriate housing companies in Berlin - and is revealing whether the company will continue to invest in the capital.
Vonovia CEO Luka Mucic has spoken out against plans by the Left party in Berlin to transfer all profit-oriented real estate firms' properties in the city to public ownership. The party's plans would affect Vonovia, which owns 130,000 apartments in Berlin, with 1000 more currently under construction. Mucic argues that expropriation would not solve the housing shortage and would deter investment and new construction, citing studies by the Hans-Böckler-Stiftung and the Kiel Institute for World Economics. He is set to meet with Left party leader Luigi Pantisano on October 13 to discuss the issue.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
