Despite the debate about more protection for tenants, the Berlin-based real estate company Deutsche Wohnen still earns good on its apartments.
Rental income in the first three quarters increased by 6.4 percent compared with the same period of the previous year to reach 622.5 million euros – also in Berlin, where a possible rental cover threatens to freeze rents.
"The planned rental cover means that Deutsche Wohnen is putting all new construction projects in Berlin to the test for the time being," said company boss Michael Zahn yesterday.
Investments in the new building will now steer the company increasingly in regions outside of Berlin, for example to Potsdam, Dresden and Leipzig. All in all, plans to invest just under one billion euros in the capital are threatened. Already started construction projects are not affected.