Dresden
Dresden

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

6,298

Floor area sqm

409,025

IFRS book value 03/31/2020 in EUR m

533.2

Inplace yield in %

5.2

Vacancy 03/31/2020 in %

2.5

Vacancy* 12/31/2019 in %

2.1

Net actual rent EUR/sqm

5.78

Reletting rent EUR/sqm

6.28

L-f-I rental-growth EUR/sqm (y-o-y) %

2.1

L-f-I rental-growth total** (y-o-y) %

2.5

Maintenance EUR/sqm

0.79

Capex EUR/sqm

1.36

as of 03/31/2020

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