Portfolio Information

As of March 31, 2019, Vonovia manages its own real estate portfolio with a of € 44.5 billion. The majority of our apartments is located in regions with positive economic and demographic development prospects.

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Portfolio Structure

 

Fair value*

 

 

 

March 31, 2019

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)

 

 

 

 

 

 

 

Strategic

34,602.7

1,685

323,377

2.8

6.60

Operate

8,706.5

1,686

74,920

3.0

6.88

Invest

25,896.1

1,685

248,457

2.7

6.51

Recurring Sales

3,610.1

1,818

28,975

3.0

6.74

Non-core Disposals

571.8

1,255

5,321

6.5

6.08

Vonovia Germany

38,784.6

1,688

357,673

2.9

6.60

 

 

 

 

 

 

Vonovia Austria

2,493.2

1,354

22,649

4.6

4.51

Vonovia Sweden

1,781.2

1,602

14,287

1.4

9.10

Total

43,059.0

1,661

394,609

2.9

6.56

In order to make the presentation of our portfolio more transparent, we also split our portfolio into 15 regional markets. These markets are core towns/cities and their surroundings, mainly metropolitan, areas. Our decision to focus on the regional markets that are particularly relevant to Vonovia is our way of looking ahead to the future and provides an overview of our strategic core portfolio in Germany.

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Breakdown of Strategic Housing Stock by Regional Market

 

Fair value*

 

 

 

March 31, 2019

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

*

Fair value of the developed land excluding € 1,484.1 million, of which € 401.0 million for undeveloped land and inheritable building rights granted, € 364.7 million for assets under construction, € 537.5 million for development and € 180.9 million for other.

**

Shown based on the country-specific definition.

 

 

 

 

 

 

Regional market

 

 

 

 

 

Berlin

6,583.4

2,382

42,027

1.5

6.69

Rhine Main Area

3,945.1

2,208

27,537

1.6

8.11

Rhineland

3,441.3

1,752

28,818

2.8

7.07

Southern Ruhr Area

3,379.3

1,252

43,408

3.8

5.97

Dresden

3,126.4

1,368

38,452

3.6

6.06

Hamburg

2,466.0

1,924

19,839

2.1

6.98

Munich

2,049.8

3,135

9,667

1.1

8.10

Stuttgart

1,935.9

2,171

13,808

2.0

7.82

Kiel

1,916.2

1,376

23,377

2.2

6.20

Hanover

1,633.1

1,559

16,317

3.5

6.52

Northern Ruhr Area

1,566.4

963

26,076

3.7

5.67

Bremen

1,081.4

1,463

11,860

3.9

5.69

Leipzig

869.9

1,399

9,190

3.8

5.97

Westphalia

792.5

1,272

9,495

3.9

6.00

Freiburg

603.3

2,166

4,034

1.9

7.34

Other strategic locations

2,638.2

1,514

26,838

3.2

6.60

Total strategic locations Germany

38,028.3

1,698

350,743

2.8

6.61

Total Housing Stock Vonovia – 394,609

Total Housing Stock Vonovia (Map)

Housing Stock by Regional Market – 350,743

(including 26,838 Units at Other Strategic Locations)

Housing Stock by Regional Market (Map)
Fair Value
Valuation pursuant to IAS 40 in conjunction with IFRS 13. The estimated value of an asset. The fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.