Half-Year Report 2019

Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 47.4 billion as of June 30, 2019. The majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

 

Fair value*

 

 

June 30, 2019

(in € million)

(in €/m2)

Residential units

Vacancy (in %)

In-place rent (in €/m2)**

 

 

 

 

 

 

 

Strategic

36,752.6

1,789

323,491

2.8

6.65

Operate

9,225.5

1,784

75,046

2.6

6.92

Invest

27,527.1

1,791

248,445

2.8

6.56

Recurring Sales

3,771.5

1,920

28,686

3.2

6.79

Non-core Disposals

556.4

1,231

5,263

7.0

6.11

Vonovia Germany

41,080.4

1,789

357,440

2.9

6.65

 

 

 

 

 

 

Vonovia Austria

2,563.0

1,394

22,661

4.8

4.59

Vonovia Sweden

2,260.1

1,738

16,638

1.6

9.20

Total

45,903.5

1,759

396,739

2.9

6.64

In order to boost transparency among the portfolios, we show our extended portfolio in 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.

Breakdown of Strategic Housing Stock by Regional Market

 

Fair value*

 

 

June 30, 2019

(in € million)

(in €/m2)

Residential units

Vacancy (in %)

In-place rent (in €/m2)**

*

Fair value of the developed land excluding € 1,545.6 million, of which € 405.6 million for undeveloped land and hereditary building rights granted, € 414.0 million for assets under construction, € 495.5 million for development and € 230.5 million for other.

**

Shown based on the country-specific definition.

 

 

 

 

 

 

Regional market

 

 

 

 

 

Berlin

7,171.0

2,594

42,042

1.6

6.73

Rhine Main Area

4,191.3

2,346

27,530

1.6

8.17

Rhineland

3,610.3

1,839

28,803

2.6

7.11

Southern Ruhr Area

3,579.3

1,326

43,382

3.5

6.04

Dresden

3,432.3

1,499

38,485

3.8

6.09

Hamburg

2,566.6

2,003

19,829

2.0

7.03

Munich

2,170.2

3,322

9,661

1.2

8.12

Stuttgart

2,051.5

1,473

23,373

2.3

6.25

Kiel

2,007.6

2,254

13,797

1.9

7.89

Hanover

1,773.4

1,694

16,310

3.3

6.59

Northern Ruhr Area

1,579.6

974

26,009

3.6

5.70

Bremen

1,134.2

1,533

11,862

3.9

5.74

Leipzig

910.5

1,465

9,188

4.3

6.00

Westphalia

860.6

1,381

9,494

3.6

6.04

Freiburg

630.2

2,263

4,033

2.0

7.37

Other strategic locations

2,673.2

1,536

26,808

3.2

6.64

Total strategic locations Germany

40,341.9

1,802

350,606

2.8

6.66

Total Housing Stock Vonovia – 396,739

Total Housing Stock Vonovia (Map)

Housing Stock by Regional Market – 350,606

(including 26,808 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.