In 2020, TAG invested around EUR 105.4 million in the maintenance and modernization of its portfolio – that means around EUR 21.55 per square metre - about half each in single unit and property based programmes. Each year, TAG modernises approx. 1,000 to 1,500 vacant apartments. The modernisation measures ensure long-term lets, contribute to dynamic rental growth, and thereby increase the value of the portfolio even without large-scale investment programs.
|In EUR millions||2020||2019||2018||2017||2016|
as of 12/31/2019