09.12.2016
Lloyd Fonds Aktiengesellschaft DE000A12UP29
DGAP-News: 'Lloyd Lecture' held by Michael Sachs on the future of affordable housing construction
DGAP-News: Lloyd Fonds Aktiengesellschaft / Key word(s): Real Estate
'Lloyd Lecture' held by Michael Sachs on the future of affordable housing
construction
09.12.2016 / 09:56
The issuer is solely responsible for the content of this announcement.
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- Insufficient housing for the lower and middle income brackets in urban
regions
- Action required by policymakers, the construction industry and
investors
Hamburg, December 9, 2016. Looking forward, will inner-city locations be
the exclusive reserve of the wealthy or should these districts reflect a
cross-section of all social classes? This and other topics were discussed
by one of the leading experts in affordable housing construction, Michael
Sachs, with 150 guests at the Lloyd Fonds AG "Lloyd Lecture" in Hamburg.
Demand for affordable housing has far exceeded availability for many years
right across Germany. This particularly applies to the metropolitan
regions. In Hamburg, for example, there is a shortfall of more than 100,000
additional funded dwellings due to the expiry of the social restrictions.
The city wants to build 4,000 new affordable dwellings each year. Yet, this
is a mere drop in the ocean. "Annual construction activity has fallen short
of requirements for years," says Michael Sachs, the chairman of the council
of experts appointed by the German Federal Ministry of Construction for the
implementation of the housing construction initiative. "Among other things,
this is due to outdated bureaucratic requirements and excessively strict
technical requirements that must be eliminated. The construction industry
should explore the opportunities afforded by the industrialization of
construction, such as the use of modules and standards as well as
multifunctionality. State and federal policymakers should seek to swiftly
implement the core recommendations of the "Alliance for Affordable Housing
and Construction". Together they must save time by integrating planning and
construction permit processes." In terms of income, more than half of all
households in Hamburg are entitled to affordable housing.
Demographic developments, changes in expectations of housing as well as
migration into and out of cities are posing different regional challenges
for local governments and the housing industry: on the one hand, there is a
trend towards increasingly smaller households in tandem with rising demand
for greater space and the pluralization of life styles. On the other hand,
the distribution of income is becoming increasingly polarized, with the gap
between rich and poor continuing to widen, while publicly funded housing is
declining. The measures taken by policymakers and local governments do not
go far enough and frequently do not produce the desired results.
The lecture drew the conclusion that cities and local governments must
create the necessary framework for easing the situation in the housing
market. At the same time, investors must come up with socially balanced
solutions for financing affordable housing. The discussion was chaired by
Oliver Schirg, senior editor of Hamburg daily newspaper "Hamburger
Abendblatt".
The lecture marked a further addition to Lloyd Fonds AG's successful
lecture series. Since 2002, Lloyd Lectures have covered topics in business,
culture and politics. The lecturers and panel members who have participated
to date include Meinhard von Gerkan, Christoph Schlingensief, Gesine
Schwan, Peter Bofinger, Thilo Bode, Christina Weiss, John C. Kornblum and
Henning Voscherau.
About Lloyd Fonds AG:
As an investment and asset manager, Lloyd Fonds AG has been specializing in
investments in alternative real assets and investment products as well as
the professional management of these investments for over 20 years. To
date, the Hamburg-based company has initiated investments with a total
volume of around EUR 5 billion. Currently, it particularly manages
investments in the areas of shipping, real estate and aircraft. Lloyd Fonds
has been listed on the Frankfurt stock exchange since 2005 (WKN A12UP2,
ISIN code DE000A12UP29).
Contact:
Susanne Maack
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-132
Fax: +49-40-325678-99
Mail: [email protected]
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09.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Lloyd Fonds Aktiengesellschaft
Amelungstr. 8-10
20354 Hamburg
Germany
Phone: +49 (0)40 32 56 78-0
Fax: +49 (0)40 32 56 78-99
E-mail: [email protected]
Internet: www.lloydfonds.de
ISIN: DE000A12UP29
WKN: A12UP2
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange; Open
Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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