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Portfolio Information

Vonovia manages its own real estate portfolio with a market value of € 98.8 billion as of June 30, 2022. The vast majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

Portfolio Structure

Fair value*

June 30, 2022

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

Strategic

70,029.9

2,634

423,311

1.9

7.25

Urban Quarters

57,581.8

2,727

341,610

1.8

7.26

Urban Clusters

12,448.1

2,275

81,701

2.3

7.25

Recurring Sales (Condo)

5,537.8

2,655

29,881

2.9

7.22

Recurring Sales (MFH)

6,301.0

4,057

23,310

1.7

9.12

Non-core

1,238.5

1,566

12,387

5.7

6.26

Germany total

83,107.1

2,680

488,889

2.0

7.32

Sweden

7,322.7

2,395

39,374

3.0

10.00

Austria

2,954.3

1,709

21,221

5.2

5.01

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

Breakdown of Strategic Housing Stock by Regional Market***

Fair value*

June 30, 2022

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

Regional market

Berlin

8,667.9

3,163

41,978

1.6

7.26

Rhine Main Area

5,670.6

3,230

27,007

1.9

8.91

Southern Ruhr Area

5,657.2

2,099

43,026

2.7

6.76

Rhineland

4,965.3

2,589

28,113

2.0

7.73

Dresden

4,789.3

2,083

38,559

2.7

6.51

Hamburg

3,859.6

3,032

19,620

1.2

7.76

Kiel

3,335.2

2,305

24,395

2.1

6.99

Munich

2,847.4

4,371

9,656

1.2

8.83

Stuttgart

2,609.8

3,005

13,582

1.9

8.51

Hanover

2,512.8

2,419

16,103

2.2

7.23

Northern Ruhr Area

2,195.8

1,416

24,886

2.4

6.20

Bremen

1,613.9

2,196

11,815

2.4

6.38

Leipzig

1,302.1

2,157

8,868

3.1

6.45

Westphalia

1,288.6

2,066

9,445

1.7

6.84

Freiburg

791.1

2,842

4,032

1.3

8.07

Other Strategic Locations

3,623.2

2,117

26,488

2.3

7.35

Total strategic locations Germany

55,729.7

2,512

347,573

2.1

7.28

  1. * Fair value of the developed land excluding € 5,427.1 million, of which € 666.5 million for undeveloped land and inheritable building rights granted, € 1,206.8 million for assets under construction, € 998.9 million for development, € 1,211.2 million for the nursing portfolio and € 1,343.8 million for other.
  2. ** Based on the country-specific definition.
  3. *** Excluding Deutsche Wohnen portfolio.