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 6,505
Floor area sqm 397,907
IFRS book value 12/31/2023 in EUR m 522.2
Gross yield in % 5.5
Vacancy 12/31/2023 in % 3.5
Vacancy* 12/31/2022 in % 4.0
Net actual rent EUR/sqm 6.22
Reletting rent EUR/sqm 6.90
L-f-I rental-growth EUR/sqm (y-o-y) % 2.4
L-f-I rental-growth total* (y-o-y) % 3.0
Maintenance EUR/sqm 8.73
Capex EUR/sqm 15.29

as of 12/31/2023

* Incl. effects from vacancy reduction