authorities set the condition that 30 percent must be rent controlled housing for low income people so groener had to sell part of the property to the city of berlin. to talk to you feel any obligations to society yes it is the capitalists have obligations my company never invest in property where people are already living we only buy empty buildings high rises and old office buildings we launch greenfield projects and start from scratch and i make it easy for myself by avoiding the issue and the corresponding conflicts . but is it really so simple more and more luxury housing is going up across more and more ordinary people are being pushed out because of soaring rents is this the kind of city breadwinners want or deserve. now traditions and customs vary from country to country when it comes to property some place great importance on passing the family home on from generation to generation but not everyone is so attached to property take a look. at home of one's own for most people in europe that's a reality in italy 72 percent own their homes which is higher than the european average of 69 p

right but cheap housing isn't at least that's one standard argument property developer christoph groener is of the view that having invested in berlin means he's entitled to reap the rewards and that he then has every right to reinvest the said rewards in building as many luxury apartments in the city as he can but as ordinary berliners are priced out of the property market should grow not be allowed to keep doing that our reporter christian press save us how to few questions for him. it's late but christophe groaners just calling it a day on this prelim building site the real estate tycoon is always busy but he's found time for a brief interview groaner is one of the richest men in germany and he didn't inherit his money he made it to himself his company is turning this high rise office building into luxury apartments. you know especially if you think gentrification is going to change berlin a lot it intervenes here. i think palin will retain its identity there's no law that says we have a right to live in beautiful old apartments with stucco on the ceiling for me is 6 euros a square me