Build-to-hold
Projects/ units 12/31/2021
| Completed | 368 |
| Under construction | 3,642 |
| Landbank and secured projects | 5,179 |
| Total build-to-hold units | 9,189 |
| Total sqm | 420,068 |
| Estimated total investment costs* | c. EUR 800m |
| Average total investment costs per sqm* | c. EUR 1,900 |
| Average rent price per sqm/month* | c. EUR 11.50 |
| Average gross rental yield | c.7-8% |
| Estimated EBITDA margin on letting | >75% |
| Estimated EBITDA contribution p.a. | >EUR 45m |
* EUR amounts based on PLN/EUR exchange rate of 0.2175 as of 31-Dec 2021
Projects on offer 01/31/2022
| Dorzecze Legnickiej IV (Wroclaw) | Buforowa 89 III (Wroclaw) | Legnicka 33 (Wroclaw) | Hawelanska 2 (I of III parts) (Poznan) | Total | |
|---|---|---|---|---|---|
| Total number of available units as of 31 Jan-2022 | 57 | 159 | 152 | 30 | 398 |
| - Number of units contractually rented out | 56 | 155 | 152 | 21 | 384 |
| - Vacancy rate | 1.8% | 2.5% | 0% | 300% | 3.5% |
| Average apartment size for residental units | c. 40 sqm | c. 50 sqm | c. 30 sqm | c. 50 sqm | c. 43 sqm |
| Average rent per sqm/month for residental units* | c. EUR 10.50 | c. EUR 9.00 | c. EUR 14.00 | c. EUR 9.00 | c. EUR 10.50 |
| Renting started/ end | May-Aug-2021 | Jul-2021 - Jan-2022 | Jun-2021 - Jan-2022 | Jan-2022 |
