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 6,665
Floor area sqm 405,548
IFRS book value 12/31/2022 in EUR m 636.7
Gross yield in % 4.5
Vacancy 12/31/2022 in % 4.0
Vacancy* 12/31/2021 in % 4.3
Net actual rent EUR/sqm 6.18
Reletting rent EUR/sqm 6.72
L-f-I rental-growth EUR/sqm (y-o-y) % 2.3
L-f-I rental-growth total* (y-o-y) % 2.7
Maintenance EUR/sqm 8.90
Capex EUR/sqm 18.03

as of 12/31/2022

* Incl. effects from vacancy reduction