Hanseatic city on the upswing

With its location on the Baltic Sea and well-developed infrastructure, Mecklenburg-Western Pomerania‘s biggest city Rostock is an attractive business location. The Hanseatic city is regarded as a centre for interregional trade, administration, trade shows, culture, education, and services, as well as a growing university town. The newly created innovation centre is intended to further substantiate the economic uptrend.

Units 7,927
Floor area sqm 448,855
IFRS book value 12/31/2020 in EUR m 504.9
Inplace yield in % 5.7
Vacancy 12/31/2020 in % 4.4
Vacancy* 12/31/2019 in % 3.6
Net actual rent EUR/sqm 5.58
Reletting rent EUR/sqm 6.01
L-f-I rental-growth EUR/sqm (y-o-y) % 1.3
L-f-I rental-growth total** (y-o-y) % 0.5
Maintenance EUR/sqm 9.26
Capex EUR/sqm 20.73

as of 12/31/2020

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