Vonovia
In short
Vonovia is a major European real estate company based in Bochum, Germany, that owns hundreds of thousands of apartments across Germany, Sweden, and Austria.
In plain words
The company buys and manages large numbers of homes and flats. It is one of the biggest landlords in Europe and is listed on major stock markets.
A simple example
If you rent a flat in a large apartment block in a German city, the company managing your building might be Vonovia.
Why it matters
Because it owns so many properties, the company's decisions can significantly affect housing prices and rental costs in many European regions.
Easy to mix up
Do not confuse it with a standard property developer that only builds new houses; Vonovia primarily manages existing large-scale housing stocks.