Germany's Construction Turbo Brings Speed: Vonovia is a Conservative Beneficiary
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The federal cabinet approved the "Construction Turbo" on Wednesday (June 18) to significantly accelerate housing construction. Municipalities will be able to act more flexibly in the future, e.g., through extensions, conversions, or new constructions without extensive development plans. The new § 246e BauGB allows for temporary deviations from regulations to facilitate faster creation of residential space. The conversion protection for rental apartments will be extended, and infill developments and construction in open areas will be eased. Social...
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