BERLIN (Business) – Residential real estate company in Germany Vonovia sticks to its profit forecasts for 2020.
Vonovia said that it expected a very low, temporary reduction in rental payments owing to the hardship due to the coronavirus pandemic.
“We assured our tenants early on that they do not need to worry about their apartment due to financial difficulties caused by short-time work, job losses or a decline in orders. We are finding individual solutions together with our tenants in case of payment difficulties.”
– Rolf Buch, Vonovia CEO
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.