Deutsche Wohnen

Housing association in Germany

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Deutsche Wohnen SE

Company type	Societas Europaea
Traded as	FWB: DWNI SDAX component
ISIN	DE000A0HN5C6
Industry	real estate
Predecessor	Deutsche Bank AG properties
Founded	1998
Headquarters	Berlin, Germany
Key people	Michael Zahn (CEO) Uwe E. Flach (Chairman)
Revenue	1,182.30 million Euro (revenues 2017)^[1]
Number of employees	1,111 (Dec 31, 2017)^[1]
Website	www.deutsche-wohnen.com

Deutsche Wohnen SE is a German property company, and one of the 30 companies that compose the DAX index. Previously listed on the MDAX, it replaced Lufthansa on the DAX after Lufthansa was downgraded to the MDAX because of losses during the COVID-19 pandemic.^[2]^[3] Germany's largest real estate company for private apartments Vonovia took over Deutsche Wohnen, the second largest German company in 2021. Vonovia acquired additional shares and now holds 87.6 percent of Deutsche Wohnen. This created a European real estate giant with around 568,000 apartments.^[4]

History

In July 2015, it was reported that Deutsche Wohnen had about EUR 600M available, and might be looking to acquire 8,000-9,000 apartments.^[5]

In September 2021, a public referendum named after the company took place, asking the residents of Berlin if large corporate landlords should have their residential apartments expropriated. Over 56% of voters agreed, and the decision has been put before the newly elected local government.^[6]

References

^ ^a ^b "Geschäftsbericht 2017" (PDF). Archived from the original (PDF) on 2018-04-19. Retrieved 2018-08-28.
^ Kuhnert, Jan; Leps, Olof (2017-01-01). Neue Wohnungsgemeinnützigkeit (in German). Springer Fachmedien Wiesbaden. pp. 261–274. doi:10.1007/978-3-658-17570-2_9. ISBN 9783658175696.
^ "Lufthansa verliert Platz im Dax, Deutsche Wohnen steigt auf". ZEIT ONLINE (in German). Retrieved 2020-06-05.
^ reserved, Copyright Haufe-Lexware GmbH & Co KG- all rights. "Fusion zum Immobilienriesen: Vonovia schluckt Deutsche Wohnen". Haufe.de News und Fachwissen (in German). Retrieved 2023-07-20.
^ "Deutsche Wohnen has 600 mln war chest for acquisitions". Reuters. 25 July 2015. Retrieved 2 August 2015.
^ "Berlin's vote to take properties from big landlords could be a watershed moment | Alexander Vasudevan". the Guardian. 2021-09-29. Retrieved 2021-09-29.