The real estate giant Vonovia is stopping all new construction projects planned for 2023. The reason for this is the rising construction costs and interest rates. "We will not have any new construction projects starting this year. Inflation and interest rates have risen enormously and we cannot close our eyes to that," said Vonovia CEO Daniel Riedl West German General Newspaper. Plans in Berlin and Dresden are particularly affected."For properties that we were previously able to offer for twelve euros...
Elaborate clean-up work and considerable damage are the result of an accident that occurred on Monday on Heimstettener Straße in Parsdorf. A 20-year-old novice driver left the road when turning onto Gruber Strasse and his car landed in a construction fence. It also got caught in a bush and had to be recovered by the fire department and a towing company. The police estimate the damage to property at around 10,000 euros, and several liters of petrol have seeped into...
Status: 01/31/2023 11:21 am The situation on the housing market is getting worse. Germany's largest real estate group Vonovia is putting all new construction projects planned for this year on hold. The reason is inflation and higher interest rates. The real estate group Vonovia has stopped all new construction projects planned for 2023 due to rising construction costs and interest rates. "We will not have any new construction projects starting this year. Inflation and interest rates have risen enormously, and...
They were 34 and 29, their names were Kamel and Omar, and they were undocumented and untrained. They died in June 2019 on a construction site, in Epinay-sur-Seine in Seine-Saint-Denis, killed when the nacelle on which they were working fell off. Who is responsible for their death? This is what the trial which opens this Monday, in Bobigny, will have to determine.According to an expert report quoted by a defense lawyer, "an anchoring defect" of the nacelle was identified. “The...
According to BR research, Bavaria is well below the target of 10,000 new and affordable apartments by 2025 set by Prime Minister Markus Söder (CSU). According to a report by Bayerischer Rundfunk, the state construction company Bayernheim will complete a maximum of 682 socially subsidized apartments by the end of 2024 - that would be just seven percent of the target. The BR relies on data from the Bavarian Ministry of Construction.Construction Minister Christian Bernreiter (CSU), on the other hand,...
They are already at about forty burials, including 35 stone sarcophagi. At the end of December, archaeologists from the Bordeaux Métropole preventive archeology center unearthed a High Middle Ages necropolis, dating from the 6th and 8th centuries, around the Place des Martyrs-de-la-Résistance, near the Saint-Seurin basilica in Bordeaux, as part of the BHNS project (high level service bus).The excavation site should last at least until the end of May - CAP Bordeaux Métropole “There are certainly several burial phases, those...
There is no investor who wants to take over the project with the cost cap of 450 million euros decided by the city council. Now the administration should re-examine all options - another quick tender is out of the question.from Heiner Effern and Anna HobenOne could understand if Max Wagner was frustrated right now. But the managing director of Gasteig GmbH is sitting in his interim office at the interim location in Sendling on Wednesday afternoon and is determined not...
First a bill on the construction of nuclear reactors, then a text on renewable energies, and finally a bill on energy programming which must set the trajectories of France in each energy. It is in this order that the two Chambers are called upon to discuss France's energy future, the first two texts having already been discussed. A calendar contested by parliamentarians, who accuse the government of legislating in disorder. “We must respect public debate,” insisted the Minister for Energy...
Germany's largest real estate group Vonovia is acquiring a stake in the Austrian housing construction company Gropyus. Under the motto "Sustainable living for everyone", the company, founded in 2019, specializes in the development and construction of fully digitized residential buildings from prefabricated modules. The company currently employs around 300 people in Austria, Germany and Liechtenstein. Vonovia is participating as the main investor ("lead investor") in a financing round for the company with a total volume of around 100 million euros,...
On the construction site, things rarely go as planned. And above all, things are not going as planned. An experience that Federal Building Minister Klara Geywitz (SPD) is making. Their plan actually envisaged: 400,000 new apartments per year, 100,000 of them as social housing. This is what the federal government has decided to do and created a separate building ministry with a budget worth billions. Nevertheless, the new building goal does not work, not in the past year and probably...
