Gera

High Potential for Innovation

Gera’s location in the triangle formed by the three states of Thuringia, Saxony, and Saxony-Anhalt is increasingly an advantage in driving the city’s development. Modern technology-driven companies – e.g. in the med-tech, microelectronics, software engineering and optics industries – are among the businesses that have settled here. Reasons include low wages and labour costs, reasonable land and real estate prices, and low utility and waste disposal costs.

Units 9,475
Floor area sqm 550,021
IFRS book value 12/31/2020 in EUR m 444.7
Inplace yield in % 7.1
Vacancy 12/31/2020 in % 6.5
Vacancy* 12/31/2019 in % 7.0
Net actual rent EUR/sqm 5.09
Reletting rent EUR/sqm 5.33
L-f-I rental-growth EUR/sqm (y-o-y) % 1.1
L-f-I rental-growth total** (y-o-y) % 1.2
Maintenance EUR/sqm 4.79
Capex EUR/sqm 8.74

as of 12/31/2020

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