Fresh breeze with strong economic development

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 7,033
Floor area sqm 432,484
IFRS book value 12/31/2020 in EUR m 588.5
Inplace yield in % 5.0
Vacancy 12/31/2020 in % 3.7
Vacancy* 12/31/2019 in % 4.2
Net actual rent EUR/sqm 5.88
Reletting rent EUR/sqm 6.17
L-f-I rental-growth EUR/sqm (y-o-y) % 2.1
L-f-I rental-growth total** (y-o-y) % 2.7
Maintenance EUR/sqm 9.13
Capex EUR/sqm 18.53

as of 12/31/2020

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