High Potential for Innovation

Gera’s location in the triangle formed by the three states of Thuringia, Saxony, and Saxony-Anhalt is increasingly an advantage in driving the city’s development. Modern technology-driven companies – e.g. in the med-tech, microelectronics, software engineering and optics industries – are among the businesses that have settled here. Reasons include low wages and labour costs, reasonable land and real estate prices, and low utility and waste disposal costs.

Units 9,245
Floor area sqm 531,031
IFRS book value 12/31/2022 in EUR m 450.0
Gross yield in % 7.1
Vacancy 12/31/2022 in % 3.9
Vacancy* 12/31/2021 in % 6.8
Net actual rent EUR/sqm 5.20
Reletting rent EUR/sqm 5.34
L-f-I rental-growth EUR/sqm (y-o-y) % 1.1
L-f-I rental-growth total** (y-o-y) % 3.9
Maintenance EUR/sqm 5.61
Capex EUR/sqm 20.42

as of 12/31/2022

* Incl. effects from vacancy reduction