Salzgitter
Salzgitter

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 03/31/2020 in EUR m

527.5

Inplace yield in %

6.5

Vacancy 03/31/2020 in %

5.3

Vacancy* 12/31/2019 in %

5.2

Net actual rent EUR/sqm

5.40

Reletting rent EUR/sqm

5.59

L-f-I rental-growth EUR/sqm (y-o-y) %

2.7

L-f-I rental-growth total** (y-o-y) %

1.9

Maintenance EUR/sqm

1.61

Capex EUR/sqm

4.20

as of 03/31/2020

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