Portfolio Information

Vonovia manages its own real estate portfolio with a market value of € 95.4 billion as of September 30, 2021. The majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

Fair value*

Sep. 30, 2021

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

Strategic

48,104.6

2,305

328,140

2.5

7.12

Operate

16,336.7

2,290

107,401

2.5

7.51

Invest

31,767.9

2,313

220,739

2.5

6.94

Recurring Sales

4,106.6

2,468

24,458

3.0

7.25

Non-core Disposals

176.8

1,384

1,073

12.8

8.08

Vonovia Germany

52,388.0

2,312

353,671

2.6

7.14

Vonovia Sweden

7,017.6

2,350

38,467

2.4

10.34

Vonovia Austria

2,905.7

1,652

21,596

5.4

4.87

Total

62,311.3

2,274

413,734

2.7

7.34

Deutsche Wohnen***

27,610.0

2,843

154,717

1.6

7.17

In order to boost transparency in portfolio presentation, we also break our portfolio down into 15 regional markets. These markets are core towns/cities and their surroundings, mainly urban areas. Our decision to focus on the regional markets that are particularly relevant to Vonovia is our way of looking ahead to the future and provides an overview of our strategic core portfolio in Germany.

Breakdown of Strategic Housing Stock by Regional Market

Fair value*

Sep. 30, 2021

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

Regional market

Berlin

8,371.4

2,922

43,496

1.4

7.08

Rhine Main Area

5,434.4

3,083

27,121

1.9

8.76

Southern Ruhr Area

5,107.8

1,899

43,035

3.4

6.61

Rhineland

4,616.4

2,402

28,226

2.5

7.60

Dresden

4,564.3

1,991

38,467

3.8

6.44

Hamburg

3,442.9

2,700

19,651

1.6

7.59

Kiel

2,849.0

1,995

24,254

2.2

6.83

Munich

2,627.0

4,015

9,690

1.1

8.66

Stuttgart

2,442.7

2,811

13,596

1.8

8.34

Hanover

2,287.6

2,201

16,131

2.4

7.06

Northern Ruhr Area

2,056.4

1,328

24,853

3.1

6.11

Bremen

1,453.8

1,976

11,834

3.7

6.23

Leipzig

1,184.1

1,933

9,017

3.1

6.30

Westphalia

1,135.2

1,818

9,451

2.9

6.66

Freiburg

770.3

2,762

4,037

1.4

7.93

Other Strategic Locations

3,439.9

2,008

26,533

2.9

7.20

Total strategic locations Germany

51,783.1

2,321

349,392

2.5

7.14

  1. * Fair value of the developed land excluding € 5,457.4 million, of which € 652.3 million for undeveloped land and inheritable building rights granted, € 833.6 million for assets under construction, € 923.8 million for development, € 1,261.0 million for nursing portfolio and € 1,786.6 million for other.
  2. ** Based on the country-specific definition.
  3. *** Based on definition of Deutsche Wohnen.
  4. **** Excl. Deutsche Wohnen portfolio.
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