Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 30.8 billion as of June 30, 2017. The vast majority of our apartments are located in regions with positive economic and demographic development prospects.
Portfolio Structure

 

 

Fair value*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As at Jun. 30, 2017

 

(in € million)

 

(in €/m2)

 

Residential units

 

Vacancy rate (in %)

 

In-place rent (in €/m2)

 

 

 

 

 

 

 

 

 

 

 

*

Fair value of the developed land excluding € 156.0 million for undeveloped land, inheritable building rights granted and other.

Strategic

 

27,925.1

 

1,360

 

320,311

 

2.6

 

6.18

Operate

 

9,654.4

 

1,344

 

105,972

 

2.8

 

6.29

Upgrade Buildings

 

10,055.3

 

1,312

 

125,064

 

2.7

 

6.03

Optimize Apartments

 

8,215.5

 

1,444

 

89,275

 

2.1

 

6.25

Privatize

 

1,531.2

 

1,357

 

16,180

 

4.3

 

6.01

Non-Strategic

 

336.7

 

616

 

8,862

 

8.9

 

4.85

Non-Core

 

267.2

 

732

 

5,259

 

8.2

 

4.99

Vonovia Germany

 

30,060.2

 

1,332

 

350,612

 

2.9

 

6.12

 

 

 

 

 

 

 

 

 

 

 

Vonovia Austria

 

614.0

 

2,071

 

2,203

 

3.1

 

6.24

 

 

 

 

 

 

 

 

 

 

 

Total

 

30,674.2

 

1,341

 

352,815

 

2.9

 

6.12

Breakdown of Strategic Housing Stock by Regional Market**

 

 

Fair value*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As at Jun. 30, 2017

 

 

 

 

 

 

 

 

 

 

Regional market**

 

(in € million)

 

(in €/m2)

 

Residential units

 

Vacancy rate (in %)

 

In-place rent (in €/m2)

 

 

 

 

 

 

 

 

 

 

 

*

Fair value of the developed land excluding € 156.0 million for undeveloped land, inheritable building rights granted and other.

**

With regard to the residential real estate market, regional markets are largely similar metropolitan areas based on the definition of the German Federal Institute for Research on Building, Urban Affairs and Spatial Development (BBSR). In addition to the strategic housing stock, they also include stocks for privatization in strategic locations.

Berlin

 

4,624.8

 

1,820

 

38,582

 

1.7

 

6.21

Rhine Main Area

 

3,196.4

 

1,757

 

28,052

 

1.8

 

7.54

Rhineland

 

3,105.1

 

1,464

 

30,756

 

3.1

 

6.65

Dresden

 

2,697.4

 

1,153

 

38,603

 

2.5

 

5.67

Southern Ruhr Area

 

2,678.5

 

963

 

44,528

 

3.3

 

5.52

Hamburg

 

1,786.6

 

1,648

 

16,584

 

2.2

 

6.67

Munich

 

1,691.9

 

2,564

 

9,752

 

0.8

 

7.60

Stuttgart

 

1,591.6

 

1,717

 

14,235

 

1.8

 

7.42

Northern Ruhr Area

 

1,325.9

 

774

 

27,281

 

4.1

 

5.24

Hanover

 

1,100.1

 

1,236

 

13,826

 

3.0

 

6.01

Kiel

 

928.3

 

1,103

 

13,983

 

1.8

 

5.60

Bremen

 

853.7

 

1,147

 

11,921

 

3.7

 

5.34

Leipzig

 

679.6

 

1,096

 

9,171

 

4.2

 

5.69

Westphalia

 

613.4

 

968

 

9,651

 

2.2

 

5.46

Freiburg

 

508.4

 

1,816

 

4,055

 

1.8

 

6.83

Other strategic locations

 

1,966.9

 

1,261

 

24,012

 

2.9

 

6.22

Total strategic locations

 

29,348.6

 

1,361

 

334,992

 

2.6

 

6.17

Housing Stock by Regional Market – Number of Units

352,815 units (including units at other locations)

Housing Stock by Regional Market – Number of Units (Graphic)Housing Stock by Regional Market – Number of Units (Graphic)

Planned Portfolio Investments in 2017*

1 billion Total investments for 2017 in €

Planned Portfolio Investments in 2017 (Graphic)Planned Portfolio Investments in 2017 (Graphic)

* plus € 33 million for other projects at preparation stage