Rich in population. Rich in economic power

Its volume of production and services makes North Rhine-Westphalia the leading business hub in the German states. As Germany’s core industrial region, it is home to international corporations, but also to many SMEs, as well as big-name retail companies such as Aldi, Metro and Rewe. The steadily rising population and household figures reflect the state’s attractiveness and are particularly evident in the demand for residential real estate and associated rise in purchase prices and rents.

Units 3,835
Floor area sqm 241,142
IFRS book value 12/31/2023 in EUR m 318.9
Gross yield in % 5.3
Vacancy 12/31/2023 in % 1.3
Vacancy* 12/31/2022 in % 1.4
Net actual rent EUR/sqm 5.90
Reletting rent EUR/sqm 6.21
L-f-I rental-growth EUR/sqm (y-o-y) % 2.2
L-f-I rental-growth total* (y-o-y) % 2.4
Maintenance EUR/sqm 14.80
Capex EUR/sqm 11.70

as of 12/31/2023

* Incl. effects from vacancy reduction