Nordic — Energy efficiency has become a critical driver of value in Germany's commercial property market, according to new research from energy performance specialist Re:sustain. The study found that every fund manager surveyed already holds so-called "stranded assets" within their portfolios, with some properties suffering value declines of up to 40 per cent. The findings suggest investors are increasingly shifting their focus away from large-scale refurbishment projects and towards digital technologies in a bid to protect asset values and meet tightening sustainability requirements.

Nordic — The German rental market has shown rising rent levels and low vacancy rates, especially in the metropolitan regions. When Bonava chooses to sell three rental projects in Berlin, Hamburg and Leipzig towards the end of 2025, it does so in the certainty that both investments in new land and sales of projects will continue. We spoke with CFO and Vice President Jon Johnsson.