Hanseatic city on the upswing

With its location on the Baltic Sea and well-developed infrastructure, Mecklenburg-Western Pomerania‘s biggest city Rostock is an attractive business location. The Hanseatic city is regarded as a centre for interregional trade, administration, trade shows, culture, education, and services, as well as a growing university town. The newly created innovation centre is intended to further substantiate the economic uptrend.

Units 8,325
Floor area sqm 466,188
IFRS book value 12/31/2022 in EUR m 578.3
Gross yield in % 5.2
Vacancy 12/31/2022 in % 6.1
Vacancy* 12/31/2021 in % 6.5
Net actual rent EUR/sqm 5.73
Reletting rent EUR/sqm 6.12
L-f-I rental-growth EUR/sqm (y-o-y) % 1.3
L-f-I rental-growth total* (y-o-y) % 1.7
Maintenance EUR/sqm 8.38
Capex EUR/sqm 30.11

as of 12/31/2022

* Incl. effects from vacancy reduction