Berlin apartment nationalisation proposal could cost Vonovia €8.4bn

The Financial Times calculates a potential €8.4bn gap between the market value of 120,000 Vonovia flats and the compensation proposed under Berlin's public-ownership plan. Prospective governing parties are discussing the plan, which would target companies holding more than 10,000 apartments in the city. Bloomberg reports Heimstaden's co-CEO said the company won't allocate more capital to Germany while the proposal remains.