Half-Year Report 2020

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Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 55.7 billion as of June 30, 2020. The majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

 

Fair value*

 

 

June 30, 2020

(in € million)

(in €/m2)

Residential units

Vacancy (in %)

In-place rent (in €/m2)**

*

Fair value of the developed land excluding € 1,928.1 million, of which € 582.3 million for undeveloped land and inheritable building rights granted, € 400.0 million for assets under construction, € 599.1 million for development and € 346.7 million for other.

** 

Shown based on the country-specific definition.

 

 

 

 

 

 

Strategic

40,929.3

1,988

323,639

2.6

6.87

Operate

11,578.4

1,993

85,450

2.5

7.26

Invest

29,350.9

1,986

238,189

2.6

6.73

Recurring Sales

3,919.4

2,111

27,167

3.1

6.99

Non-core Disposals

433.3

1,513

3,581

5.7

6.52

Vonovia Germany

45,282.0

1,992

354,387

2.7

6.88

Vonovia Sweden

5,762.1

1,938

38,130

2.6

9.65

Vonovia Austria

2,726.4

1,496

22,362

4.7

4.73

Total

53,770.5

1,954

414,879

2.8

7.03

In order to boost transparency in portfolio presentation, we also break our portfolio down into 15 regional markets. These markets are core towns/cities and their surroundings, mainly urban 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 € 1,928.1 million, of which € 582.3 million for undeveloped land and inheritable building rights granted, € 400.0 million for assets under construction, € 599.1 million for development and € 346.7 million for other.

**

Shown based on the country-specific definition.

 

 

 

 

 

 

Regional market

 

 

 

 

 

Berlin

7,593.4

2,720

42,365

1.2

6.90

Rhine Main Area

4,657.1

2,615

27,421

1.8

8.42

Southern Ruhr Area

4,181.4

1,543

43,445

3.3

6.30

Rhineland

3,996.0

2,059

28,495

2.2

7.34

Dresden

3,903.2

1,701

38,516

3.7

6.29

Hamburg

2,910.5

2,271

19,750

1.6

7.30

Munich

2,361.9

3,618

9,663

1.5

8.33

Kiel

2,284.2

1,655

23,219

2.4

6.48

Stuttgart

2,211.5

2,488

13,753

1.7

8.08

Hanover

1,990.6

1,903

16,252

2.8

6.82

Northern Ruhr Area

1,738.5

1,093

25,454

3.5

5.90

Bremen

1,279.4

1,728

11,852

3.4

6.01

Leipzig

992.6

1,619

9,052

3.7

6.15

Westphalia

959.5

1,534

9,479

3.3

6.35

Freiburg

673.3

2,414

4,040

2.1

7.61

Other strategic locations

2,950.3

1,703

26,762

3.5

6.85

Total strategic locations Germany

44,683.4

2,000

349,518

2.6

6.88
Total Housing Stock Vonovia (Map)
Fair Value
Fair value is particularly relevant with regard to valuation in accordance with IAS 40 in conjunction with IFRS 13. The fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.