Salzgitter

Attractive location - for top international companies, too

Salzgitter is located in south-eastern Lower Saxony. The economic structure is characterised by an above-average proportion of manufacturing, especially the railway, steel and vehicle industries, making Salzgitter one of Lower Saxony’s leading industrial locations. International companies that have operations in the region include Salzgitter AG, Volkswagen AG, Alstom, MAN, Robert Bosch Elektronik GmbH, and an IKEA distribution centre.

Units 9,179
Floor area sqm 563,065
IFRS book value 12/31/2021 in EUR m 592.9
Gross yield in % 5.8
Vacancy 12/31/2021 in % 6.4
Vacancy* 12/31/2020 in % 5.6
Net actual rent EUR/sqm 5.47
Reletting rent EUR/sqm 5.66
L-f-I rental-growth EUR/sqm (y-o-y) % 0.6
L-f-I rental-growth total** (y-o-y) % -0.2
Maintenance EUR/sqm 7.18
Capex EUR/sqm 9.64

as of 12/31/2021

* Excl. acquisitions 2020
** Incl. effects from changes in vacancy reduction