Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 30.9 billion as of September 30, 2017. The vast majority of our apartments are located in regions with positive economic and demographic development prospects.

 

 

Fair value*

 

 

 

 

As of September 30, 2017

 

(in € million)

 

(in €/m2)

 

Residential units

 

Vacancy rate (in %)

 

In-place rent (in €/m2)

 

 

 

 

 

 

 

 

 

 

 

Strategic

 

28,242.9

 

1,370

 

321,439

 

2.6

 

6.24

*

Fair value of the developed land excluding € 182.4 million for undeveloped land, herditary building rights granted and other.

Operate

 

9,694.6

 

1,348

 

106,126

 

2.7

 

6.32

Upgrade Buildings

 

10,283.4

 

1,331

 

125,910

 

2.9

 

6.11

Optimize Apartments

 

8,264.9

 

1,450

 

89,403

 

2.1

 

6.32

Privatize

 

1,483.8

 

1,353

 

15,719

 

4.3

 

6.04

Non-Strategic

 

262.1

 

584

 

7,363

 

9.6

 

4.80

Non-Core

 

174.0

 

693

 

3,466

 

8.3

 

4.96

Vonovia Germany

 

30,162.8

 

1,346

 

347,987

 

2.9

 

6.19

Vonovia Austria

 

602.9

 

2,101

 

2,147

 

2.4

 

6.35

Total

 

30,765.7

 

1,355

 

350,134

 

2.9

 

6.19

 

 

Fair value*

 

 

 

 

As of September 30, 2017

 

(in € million)

 

(in €/m2)

 

Residential units

 

Vacancy rate (in %)

 

In-place rent (in €/m2)

 

 

 

 

 

 

 

 

 

 

 

Regional market**

 

 

 

 

 

 

 

 

 

 

Berlin

 

4,657.1

 

1,828

 

38,678

 

1.7

 

6.26

*

Fair value of the developed land excluding € 182.4 million for undeveloped land, herditary 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.

Rhine Main Area

 

3,205.5

 

1,765

 

27,994

 

1.7

 

7.60

Rhineland

 

3,120.1

 

1,472

 

30,720

 

3.0

 

6.71

Dresden

 

2,711.9

 

1,159

 

38,603

 

2.7

 

5.75

Southern Ruhr Area

 

2,711.7

 

975

 

44,489

 

3.7

 

5.57

Hamburg

 

1,795.8

 

1,659

 

16,561

 

2.1

 

6.75

Munich

 

1,687.2

 

2,565

 

9,722

 

1.1

 

7.63

Stuttgart

 

1,593.5

 

1,722

 

14,212

 

1.8

 

7.46

Northern Ruhr Area

 

1,339.2

 

784

 

27,181

 

4.2

 

5.31

Hanover

 

1,203.5

 

1,273

 

14,610

 

3.0

 

6.12

Kiel

 

935.7

 

1,112

 

13,982

 

1.7

 

5.65

Bremen

 

859.3

 

1,154

 

11,922

 

3.3

 

5.38

Leipzig

 

680.3

 

1,097

 

9,169

 

4.1

 

5.72

Westphalia

 

621.9

 

981

 

9,669

 

2.3

 

5.50

Freiburg

 

511.6

 

1,829

 

4,051

 

1.7

 

6.87

Other strategic locations

 

1,974.0

 

1,268

 

23,968

 

2.9

 

6.29

Total strategic locations

 

29,608.3

 

1,371

 

335,531

 

2.7

 

6.23

Housing Stock by Regional Market – Number of Units

350,134 units (including units at other locations)

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

Portfolio investments initiated in 2017*

~€ 1 billion

Portfolio investments initiated in 2017 (Graphic)

* Program year 2017