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4w ago

Vonovia Names Luka Mucic as New CEO Amid Strong Financial Rebound

Germany's largest residential landlord transitions leadership as Rolf Buch steps down, following a profitable Q1 marked by 4.8% rent growth and €515 million in earnings.

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Overview

  • Vonovia's supervisory board has unanimously appointed Luka Mucic, currently Vodafone CFO, to succeed Rolf Buch as CEO by early 2026.
  • Rolf Buch will remain in charge until the end of 2025, overseeing the transition and mentoring Mucic into the role.
  • The company reported a net profit of €515 million in Q1 2025, a significant increase from €336 million in the same period last year.
  • Average rents rose by 4.8% in the first quarter to €8.15 per square meter, reflecting strong urban housing demand.
  • Vonovia confirmed its full-year targets and announced plans to accelerate investments in modernization, maintenance, and new construction projects.