Salzgitter

Attractive location - for top international companies, too

Salzgitter is located in south-eastern Lower Saxony. The economic structure is characterised by an above-average proportion of manufacturing, especially the railway, steel and vehicle industries, making Salzgitter one of Lower Saxony’s leading industrial locations. International companies that have operations in the region include Salzgitter AG, Volkswagen AG, Alstom, MAN, Robert Bosch Elektronik GmbH, and an IKEA distribution centre.

Units 9,180
Floor area sqm 563,122
IFRS book value 12/31/2020 in EUR m 563.1
Inplace yield in % 6.2
Vacancy 12/31/2020 in % 5.6
Vacancy* 12/31/2019 in % 5.2
Net actual rent EUR/sqm 5.43
Reletting rent EUR/sqm 5.61
L-f-I rental-growth EUR/sqm (y-o-y) % 0.8
L-f-I rental-growth total** (y-o-y) % 0.4
Maintenance EUR/sqm 7.21
Capex EUR/sqm 11.97

as of 12/31/2020

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