German real estate: Rises as Berlin rent freeze said to be less strict

Adler Real Estate AG

30/08/2019 08:32

** Shares in German real estate companies rise after German
newspaper Bild says rents in Berlin will not be frozen
completely
    ** On Monday, a report that Berlin's city government planned
a rent freeze at a maximum of 7.97 euros per square metre per
month had weighed on German real estate stocks  urn:newsml:reuters.com:*:nL5N25M0X5
    ** Bild now says rents will not be rigorously frozen, but
rather moderate increases will be possible
    ** Shares in Vonovia  VNAn.DE , Deutsche Wohnen  DWNG.DE ,
Grand City Properties  GYC.DE , TAG Immobilien  TEGG.DE ,
Aroundtown  AT1.DE , ADO Properties  ADJ.DE  and Adler Real
Estate  ADLG.DE  are up 4.4%, 10.1%, 3.7%, 2.2%, 1.6%, 8%, and
5%, respectively
    ** The STOXX Real Estate Index  .SX86P  jumps 1.9% to
highest since July 30

 ((bartosz.dabrowski@tr.com))