VONOVIA


Associated tags: Deutsche Wohnen, City, Vonovia, Housing

Locations: SWEDEN, EUROPE, AUSTRIA, GERMANY, JAPAN, AUSTRALIA, UKRAINE, DEUTSCHLAND, UK, BERLIN, DEUTSCHLAND, EUROPA, SCHWEDEN, EUROPE

EQS-News: Vonovia again issues social bond with a total volume of € 850 million and a maturity of 10 years

Retrieved on: 
Wednesday, April 10, 2024

Unsecured social bond with a volume of € 850 million and a maturity of 10 years issued.

Key Points: 
  • Unsecured social bond with a volume of € 850 million and a maturity of 10 years issued.
  • The bond with a total volume of € 850 million and a coupon of 4.25% was 4.8 times oversubscribed.
  • “This ten-year social bond is a proof that we can combine our social responsibility with our excellent access to the capital market.
  • We are therefore already using this bond to plan our liquidity from Q3 2025.”
    The social bond is used to finance social projects.

EQS-News: Positive developments in Vonovia’s core business with disposals well above target and confident outlook for 2024 financial year

Retrieved on: 
Wednesday, April 10, 2024

EBT (Adjusted Earnings Before Taxes) from 2024 leading measure of earnings; OFCF (Operating Free Cashflow) as key metric of internal financing.

Key Points: 
  • EBT (Adjusted Earnings Before Taxes) from 2024 leading measure of earnings; OFCF (Operating Free Cashflow) as key metric of internal financing.
  • Expectations for 2024: disposals worth €3 billion, higher investments in energy-efficient modernization and faster expansion of solar panels.
  • Bochum, 14 March 2024 - As expected, Vonovia SE’s (“Vonovia”) performance developed robustly in 2023.
  • In 2023, Vonovia realised disposals (including joint venture structures) with a volume of around €4 billion – twice as much as the company’s initial target.

EQS-News: More than 2,400 housing units built: Vonovia completes new construction with a living space of more than 157,000 m²

Retrieved on: 
Tuesday, February 6, 2024

More than 2,400 housing units built: Vonovia completes new construction with a living space of more than 157,000 m² (news with additional features)

Key Points: 
  • More than 2,400 housing units built: Vonovia completes new construction with a living space of more than 157,000 m² (news with additional features)
    The issuer is solely responsible for the content of this announcement.
  • More than 2,400 housing units built: Vonovia completes new construction with a living space of more than 157,000 m²
    Vonovia completed a total of more than 2,400 housing units during the year 2023.
  • Bochum, February 6, 2024 – Vonovia SE (“Vonovia”) completed a total of more than 2,400 housing units over the past year – primarily in Germany, Austria, and Sweden.
  • The newly completed 2,400 housing units span a total area of more than 157,000 m² and can be found in various cities and areas.

EQS-News: Vonovia issues first bond totalling GBP 400 million on UK financial market

Retrieved on: 
Saturday, January 13, 2024

First sterling bond has been issued, totalling GBP 400 million, with a 12-year term.

Key Points: 
  • First sterling bond has been issued, totalling GBP 400 million, with a 12-year term.
  • By entering the Anglo-Saxon capital market, Vonovia is gaining access to new investors and will benefit from arbitrage opportunities.
  • Says Philip Grosse, CFO of Vonovia: “It’s a clear testimony to our outstanding access to the international capital market.
  • The bond, with a volume of GBP 400 million (around EUR 465 million) and a coupon of 4.5 % EUR after cross currency swap, was oversubscribed 8.3 times.

EQS-News: Stable in a challenging market environment through growth in core business and successful sales

Retrieved on: 
Tuesday, November 7, 2023

7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.

Key Points: 
  • 7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.
  • Our successful sales and joint venture agreements demonstrate the attractiveness of our portfolio and support our debt reduction,” says Rolf Buch, CEO of Vonovia SE.
  • Sales in all sales categories – New construction projects sold to CBRE for €357 million – Second venture partner agreed.
  • Overall, Vonovia has already generated around €3.7 billion sales revenue for debt reduction through sales and joint venture capital, including €1.7 billion since August.