Erfurt
Erfurt

Important German transportation hub

The central location of the Thuringian capital is not only profitable for large logistics companies (such as DHL). Expedient delivery options throughout all of Germany help to further develop Erfurt's economic situation and increase its gross domestic product. The population influx is unmistakable, and today, the number of inhabitants has increased to approx. 214,000. The unemployment rate was 5.5% at the end of December 2018. This positive trend can also be seen in the rising rents for flats.

Units 10,519
Floor area sqm 592,232
IFRS book value 12/31/2018 in EUR m 589.8
Inplace yield in % 6.0
Vacancy 12/31/2018 in % 2.9
Vacancy 12/31/2017 in % 1.7
Net actual rent EUR/sqm 5.13
Reletting rent EUR/sqm 5.57
L-f-I rental-growth EUR/sqm (y-o-y) % 1.3
L-f-I rental-growth total (y-o-y) % 0.9
Maintenance EUR/sqm 4.77
Capex EUR/sqm 9.13

 

as of 12/31/2018