Housing giant can tape over 15 billion: – Germany can become an impossible country to invest in
Heimstaden may face a huge loss if Berlin apartments are expropriated, according to the Financial Times.
Heimstaden Bostad, a major housing company controlled by Ivar Tollefsen, may lose 1.5 billion euros if a proposed expropriation of private housing companies' properties in Berlin is implemented. The new government in Berlin plans to force large housing companies to transfer apartments to public ownership in an effort to reduce high rents.
Over 144,000 homes could be affected, with compensation set at a maximum of 16 billion euros, around 100,000 euros per apartment. Heimstaden Bostad owns 29,770 apartments in Germany, valued at 80.6 billion Swedish kroner.
Written by urgent.news from E24 Norway's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
