Portfolio Maintenance and Tenant Health
Challenges, Opportunities and Risks
Managing and maintaining residential properties entails business risks for Vonovia. The construction boom in Germany and the associated scarcity of technician capacities mean that the cost of construction is continually rising, and implementing our construction measures economically is more difficult. Prolonged construction approval periods are also leading to an increase in the amount of time it takes to complete construction measures and a risk that construction costs could increase.
Insufficient information regarding the materials used in construction or the implementation of construction regulations also pose a particular challenge for Vonovia. We counter this risk by surveying properties in person, regularly checking building safety while taking all statutory construction regulations into consideration, checking for potentially hazardous materials, creating fire protection concepts where necessary and including professional planners to optimize construction work on our portfolio. In addition, clear specifications and strict quality specifications apply to the selection of materials.