Deutsche Wohnen SE is a German
property company, and one of the 30 companies that compose the
DAX index. Previously listed on the
MDAX
The MDAX is a stock index which lists German companies trading on the Frankfurt Stock Exchange. The index is calculated by .
It includes the 50 Prime Standard shares that rank in size immediately below the companies included in the DAX index. T ...
, it replaced
Lufthansa
Deutsche Lufthansa AG (), trading as the Lufthansa Group, is a German aviation group. Its major and founding subsidiary airline Lufthansa German Airlines, branded as Lufthansa, is the flag carrier of Germany. It ranks List of largest airlin ...
on the DAX after Lufthansa was downgraded to the MDAX because of losses during the
COVID-19 pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...
. 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.
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.
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
Local government is a generic term for the lowest tiers of governance or public administration within a particular sovereign state.
Local governments typically constitute a subdivision of a higher-level political or administrative unit, such a ...
.
See also
*
Deutsche Wohnen & Co. enteignen
*
Gewobag
References
{{Authority control
Companies listed on the Frankfurt Stock Exchange
Real estate companies of Germany
Companies based in Berlin