Dresden

Culture, science and quality of life

Dresden is one of the leading business hubs in Germany. Its population is growing, and the purchasing power of its households is on the rise. Factors that boost its attractiveness include the university and in business, the renewable energies sector is a main contributor. The city has become a top location in the areas of microelectronics, nanotechnology, new materials and life sciences. There is now a shortage of apartments in the entire urban area, which is reflected in higher rents.

Units 6,098
Floor area sqm 394,811
IFRS book value 12/31/2020 in EUR m 575.2
Inplace yield in % 4.8
Vacancy 12/31/2020 in % 1.9
Vacancy* 12/31/2019 in % 2.1
Net actual rent EUR/sqm 5.90
Reletting rent EUR/sqm 6.20
L-f-I rental-growth EUR/sqm (y-o-y) % 1.4
L-f-I rental-growth total** (y-o-y) % 1.4
Maintenance EUR/sqm 4.08
Capex EUR/sqm 9.63

as of 12/31/2020

* Excl. acquisitions 2019
** Incl. effects from changes in vacancy reduction