Key figures

From Erfurt to Rostock, from Duesseldorf to Dresden. The TAG office network provides for comprehensive, decentralised management of TAG residential real estate.

The TAG office network
Portfolio 12/31/2022 12/31/2021 12/31/2020
Units Germany 86,914 87,576 88,313
Units Poland (completed rental apartments) 1,153 361 0
Sold units Poland 1,751 412 509
Handovers in Poland 3,510 575 719
GAV (real estate volume in total) in EUR m 7,481.4 6,735.3 5,984.4
GAV (real estate assets Germany) in EUR m 6,328.8 6,387.4 5,834.3
GAV (real estate assets Poland) in EUR m 1,152.6 347.9 150.1
Vacancy in % (total, Germany) 4.8 5.7 5.6
Vacancy in % (residential units, Germany) 4.4 5.4 4.5
l-f-l Rental growth in % (Germany) 1.5 1.5 1.4
l-f-l Rental growth in % (incl. vacancy reduction, Germany) 2.7 1.3 1.5
  Total residential units Acquisitions Commercial units (within residential portfolio) Total residential portfolio Others* Grand total
Units 85,362 359 1,066 86,787 127 86,914
Floor area sqm 5,033,939 17,530 134,733 5,186,202 17,475 5,203,677
IFRS book value in EUR Mio. 6,203.9 14.2 - 6,218.0 110.9 6,328.8
Gross yield in % 5.2 4.2 - 5.4 5.8 5.4
Vacancy 12/31/2022 in % 4.4 45.1 13.9 4.8 0.2 4.8
Vacancy** 12/31/2021 in % 5.4 22.6 14.5 5.7 3.7 5.7
Net actual rent EUR/sqm 5.64 5.10 8.18 5.69 15.78 5.73
Reletting rent EUR/sqm 5.86 - - 5.86 - 5.86
L-f-l rental growth EUR/sqm (y-o-y) % 1.5 - - - - -
L-f-l rental growth** Total (y-o-y incl. vacancy reduction) % 2.7 - - - - -
Maintenance EUR/sqm 7.35 - - - - -
Capex EUR/sqm 17.20 - - - - -

as of 12/31/2022

* Incl. commercial properties and serviced apartments. The IFRS carrying amount includes project developments of EUR 53.6m

** Incl. effects from vacancy reduction