Salzgitter
Salzgitter

Salzgitter is located in south-eastern Lower Saxony on the axis of the metropolitan Hanover-Braunschweig-Goettingen-Wolfsburg region. In this region, approximately 4 million people live on an area of 19,000 km2. Saltzgitter itself is flat, with its 31 districts extending over 224 km2. In December 2018, Salzgitter tallied over 107,000 inhabitants. A string of large, international companies maintains business operations here, including Salzgitter AG, Volkswagen, Alstom, MAN, Bosch and IKEA. With more than 50,000 jobs, these companies make Salzgitter one of the leading industrial sites in Lower Saxony.

Units

9,180

Floor area sqm

563,159

IFRS book value 12/31/2018 in EUR m

498.0

Inplace yield in %

6.8

Vacancy 12/31/2018 in %

4.5

Vacancy 12/31/2017 in %

5.2

Net actual rent EUR/sqm

5.25

Reletting rent EUR/sqm

5.43

L-f-I rental-growth EUR/sqm (y-o-y) %

2.0

L-f-I rental-growth total (y-o-y) %

2.7

Maintenance EUR/sqm

7.94

Capex EUR/sqm

11.18

 

as of 12/31/2018