We are providing housing that meets defined standards for employees who express an interest.
Around 70 percent of our employees live in a private house or flat. For the other 30 percent, we provide appropriate living space. To this end, the Tönnies Group’s real estate company has purchased or rented more than 400 flats and houses since the summer of 2020 and has brought them up to the desired standard step by step. The accommodation will be refurbished, renovated and furnished and made available to employees of the Tönnies Group at local rents. The refurbishment and renovation of the flats and houses is almost complete. The main task now is to ensure the standard through maintenance and to further expand here and there.
In order to achieve this standard, all flats were gradually inspected and the necessary next steps were taken according to their condition. In some cases, the real estate company deliberately de-rented flats because they did not meet market standards and there was no prospect of adequately establishing this standard through renovation measures.
In total, the Immobilien Gesellschaft has created around 3,800 residential places for the employees of the Tönnies Group since the summer of 2020. It is an ongoing process that will continue in order to raise the standards of the flats step by step. We are also successively parting with old flats in order to replace them with new ones with higher standards. This should make our employees feel even more at home with us and, at best, bind them to us in the long term.