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Heimstaden Declares Germany Uninvestable
Holger Zschaepitz says landlord Heimstaden withholds capital over Berlin expropriation, holding 20,000 flats worth ~€5bn, facing €1bn loss; hybrid bond fell from 98 to 82.5 cents.
Key points
- Heimstaden is withholding fresh capital over Berlin's expropriation plans.
- Heimstaden owns 20,000 apartments in Berlin worth ~€5bn and estimates a potential €1bn loss.
- Heimstaden's hybrid bond has plunged from ~98 cents in August to 82.5.
- Heimstaden calls Germany "uninvestable."
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
Good Morning from Germany, where one of Europe’s biggest landlords calls the country “uninvestable.” Heimstaden is withholding fresh capital over Berlin’s expropriation plans. It owns 20,000 apartments in the city worth ~€5bn and estimates a potential €1bn loss. Its hybrid bond has plunged from ~98 cents in August to 82.5. The irony: a policy meant to tackle the housing shortage risks driving away investment without building a single new home. https://t.co/hb4Ox0lalB
Top replies on X
Reaction on X: Most replies agree with the criticism, blaming socialism and journalists for Germany's policies, with one noting in German that the mere threat of expropriation is enough to drive investors away. The original poster did not respond.
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From @Freikorps9, @AmbesserV, @kapitalhai and others. Spam removed, with English and Chinese translations.
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