Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 38.5 billion as of March 31, 2018. The vast majority of our apartments are located in regions with positive economic and demographic development prospects.
Portfolio Structure

 

 

Fair value*

 

 

 

 

Mar. 31, 2018

 

(in € million)

 

(in €/m2)

 

Resi­dential units

 

Vacancy (in %)

 

In-place rent (in €/m2)

 

 

 

 

 

 

 

 

 

 

 

Strategic

 

32,988.6

 

1,488

 

346,410

 

2.5

 

6.36

Operate

 

12,642.0

 

1,472

 

129,129

 

2.5

 

6.47

Invest

 

20,346.6

 

1,499

 

217,281

 

2.5

 

6.29

Privatize

 

1,464.5

 

1,532

 

13,590

 

4.0

 

6.18

Sell

 

488.3

 

712

 

10,260

 

9.0

 

4.97

 

 

 

 

 

 

 

 

 

 

 

Vonovia Germany

 

34,941.4

 

1,468

 

370,260

 

2.7

 

6.31

Vonovia Austria

 

2,471.4

 

1,292

 

23,379

 

4.5

 

4.40

Total

 

37,412.8

 

1,455

 

393,639

 

2.8

 

6.18

Breakdown of Strategic Housing Stock by Regional Market**

 

 

Fair value*

 

 

 

 

Mar. 31, 2018

 

(in € million)

 

(in €/m2)

 

Resi­dential units

 

Vacancy (in %)

 

In-place rent (in €/m2)

*

Fair value of the developed land excluding € 1,072.8 million, of which € 391.4 million for undeveloped land and inheritable building rights granted, € 203.9 million for assets under construction, € 404.6 million for development and € 72.9 million for 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.

 

 

 

 

 

 

 

 

 

 

 

Regional market**

 

 

 

 

 

 

 

 

 

 

Berlin

 

5,938.8

 

2,046

 

43,997

 

1.9

 

6.40

Rhine Main Area

 

3,534.3

 

1,953

 

27,900

 

1.5

 

7.76

Rhineland

 

3,250.3

 

1,587

 

29,727

 

2.8

 

6.87

Southern Ruhr Area

 

2,911.5

 

1,062

 

43,881

 

3.3

 

5.71

Dresden

 

2,892.2

 

1,237

 

38,568

 

2.7

 

5.84

Hamburg

 

2,222.0

 

1,713

 

19,823

 

1.6

 

6.75

Munich

 

1,819.3

 

2,774

 

9,695

 

1.2

 

7.80

Stuttgart

 

1,742.3

 

1,896

 

14,128

 

1.7

 

7.59

Kiel

 

1,740.7

 

1,239

 

23,391

 

2.1

 

5.94

Northern Ruhr Area

 

1,425.8

 

862

 

26,449

 

3.6

 

5.44

Hanover

 

1,423.9

 

1,375

 

16,129

 

2.7

 

6.25

Bremen

 

918.9

 

1,237

 

11,905

 

3.2

 

5.47

Leipzig

 

765.1

 

1,233

 

9,168

 

4.5

 

5.79

Westphalia

 

673.3

 

1,085

 

9,471

 

2.4

 

5.72

Freiburg

 

546.4

 

1,955

 

4,046

 

1.4

 

7.07

Other strategic locations

 

2,493.1

 

1,294

 

29,857

 

2.9

 

6.24

Total strategic locations Germany

 

34,298.0

 

1,491

 

358,135

 

2.5

 

6.35

Austria

 

2,471.4

 

1,292

 

23,379

 

4.5

 

4.40

Housing Stock by Regional Market

Number of Units

393,639 Units (including Units at other Locations)

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

~€ 1.1 billion Total Investments Program year 2018

Planned Portfolio Investments in 2018*

Portfolio investments initiated in 2017 (map)

* plus € 41 million for other projects at preparation stage