Hamburg is one of the most important industrial locations in Germany. As the second-largest city after Berlin, Hamburg is an important economic hub for trade, transport and the aviation industry. Good infrastructure, innovative companies and a skilled workforce are some of the factors contributing to the current growth of its economy. Demand for apartments remains high.
Units |
7,032 |
Floor area sqm |
432,435 |
IFRS book value 09/30/2020 in EUR m |
572.2 |
Inplace yield in % |
5.1 |
Vacancy 09/30/2020 in % |
4.2 |
Vacancy* 12/31/2019 in % |
4.2 |
Net actual rent EUR/sqm |
5.82 |
Reletting rent EUR/sqm |
6.08 |
L-f-I rental-growth EUR/sqm (y-o-y) % |
1.6 |
L-f-I rental-growth total** (y-o-y) % |
2.2 |
Maintenance EUR/sqm |
7.09 |
Capex EUR/sqm |
15.70 |
as of 09/30/2020
* Incl. acquisitions
** Incl. effects from changes in vacancy reduction