|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's Range||31.46 - 32.15|
|52 Week Range||28.50 - 44.60|
|Beta (3Y Monthly)||-0.11|
|PE Ratio (TTM)||7.24|
|Forward Dividend & Yield||0.87 (2.72%)|
|1y Target Est||N/A|
To ward off rent hikes and evictions at the hands of new building owners, the city will purchase about 700 homes the much-coveted Karl Marx Allee neighborhood.
Thousands of Berlin residents took to the streets on Saturday to vent anger over surging rents and demand the expropriation of more than 200,000 apartments sold off to big private landlords, which they blame for changing the character of the city. The Berlin Senate estimates the cost of buying back property at up to 36 billion euros ($41 billion).
On Saturday, signature collection begins for a citywide referendum in the German capital on whether to nationalize the residential properties owned by big landlords. The initiators of the “Expropriate Deutsche Wohnen & Co.” are relying on Article 15 of the German Constitution, which has never been applied. The activists argue that the big landlords are driving up rents and, because of their market power – “big rental sharks serve as an example to big rental sharks” – making housing unaffordable for ordinary Berliners.
The proposals might seem radical—from banning huge corporate landlords to freezing rents for five years—but polls show the public is ready for something dramatic.
Tenants are up in arms over the sale of apartments on the most prominent boulevard in old Communist East Germany to Berlin's largest property company, the latest in a wave of protests over skyrocketing rents in the German capital. Deutsche Wohnen has bought 700 flats on Karl Marx Allee, a sweeping boulevard of monumental Stalinist architecture that was one of the flagship building projects of the former German Democratic Republic after World War Two. Deutsche Wohnen owns around 110,000 flats in the Berlin area and has been the focus of much ire over rising rents.
Jones Lang LaSalle's (JLL) buyout of ValuD Consulting will add 300 technology experts to its Technology Solutions team, thereby enhancing the company's facilities management capabilities.
Deutsche Wohnen SE (ETR:DWNI), a large-cap worth €14.59b, comes to mind for investors seeking a strong and reliable stock investment. Risk-averse investors who are attracted to diversified streams of revenue Read More...