Hamburg
Hamburg

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