Vonovia falls to 2023 lows following Berlin elections results

TAG Immobilien AG

21/09/2026 11:11

** German real estate firm Vonovia VNAn.DE falls 1.7% to its lowest since June 2023 following the results of the Berlin state election, where far-left party Die Linke reached first place
** Die Linke's lead candidate Elif Eralp campaigned on the soaring cost of housing in the German capital and promised to follow through with a pledge to nationalize private housing associations 
** "Vonovia holds around 30% on its real estate in Berlin. More a question of sentiment vs federal legal facts, but sentiment and headlines are clearly negative today," Kepler Cheuvreux says
** Peer TAG Immobilien TEGG.DE and LEG Immobilien LEGn.DE were also down 1.7% and 0.65% respectively

(Reporting by Tristan Veyet)
((Tristan.veyet@thomsonreuters.com))