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Posted by
Two Blokes Mon at 6:15 AM -
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Stock
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Vonovia operates an apartment portfolio focused on Germany, Sweden, and Austria, with an average in place valuation of €2,247 per square meter. The company is pivoting towards serial construction, aiming to reduce construction costs for new buildings from €5,000 per square meter to €3,600, still signaling significant upside in valuations. Indeed, 2/3 of the company's 13% expected return depends on valuations rising in the years ahead, introducing uncertainty in the investment case.
