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 |
9,652 |
|
Floor area sqm |
561,321 |
|
IFRS book value 03/31/2020 in EUR m |
432.9 |
|
Inplace yield in % |
7.3 |
|
Vacancy 03/31/2020 in % |
7.3 |
|
Vacancy* 12/31/2019 in % |
7.0 |
|
Net actual rent EUR/sqm |
5.04 |
|
Reletting rent EUR/sqm |
5.34 |
|
L-f-I rental-growth EUR/sqm (y-o-y) % |
1.3 |
|
L-f-I rental-growth total** (y-o-y) % |
2.6 |
|
Maintenance EUR/sqm |
1.22 |
|
Capex EUR/sqm |
3.17 |
as of 03/31/2020
* Incl. acquisitions
** Incl. effects from changes in vacancy reduction