Portfolio Information

Vonovia manages its own real estate portfolio with a market value of € 96.0 billion as of March 31, 2022. The majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

Portfolio Structure

Fair value*

Mar. 31, 2022

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

Strategic

49,735.4

2,408

325,245

2.3

7.22

Urban Quarters

35,569.9

2,396

236,879

2.3

7.12

Urban Clusters

14,165.4

2,439

88,366

2.3

7.50

Recurring Sales

4,161.2

2,588

23,555

2.9

7.32

Non-core Disposals

68.6

1,082

443

13.9

6.12

Vonovia Germany

53,965.2

2,417

349,243

2.3

7.23

Vonovia Sweden

7,457.1

2,440

39,333

2.8

10.28

Vonovia Austria

2,908.1

1,674

21,330

5.4

4.90

Vonovia without Deutsche Wohnen

64,330.4

2,372

409,906

2.5

7.42

Deutsche Wohnen

26,304.2

3,007

140,590

1.9

7.34

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*

Mar. 31, 2022

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

Regional market

Berlin

8,300.1

3,027

42,003

1.1

7.16

Rhine Main area

5,625.8

3,200

27,054

1.8

8.86

Southern Ruhr area

5,331.1

1,980

43,024

3.2

6.71

Rhineland

4,846.1

2,524

28,159

2.1

7.69

Dresden

4,715.6

2,053

38,534

3.4

6.48

Hamburg

3,630.8

2,851

19,626

1.4

7.68

Kiel

3,035.0

2,097

24,402

2.2

6.93

Munich

2,760.9

4,233

9,660

1.2

8.78

Stuttgart

2,566.2

2,955

13,585

1.8

8.45

Hanover

2,414.5

2,323

16,115

2.2

7.18

Northern Ruhr area

2,183.3

1,408

24,906

2.9

6.17

Bremen

1,500.3

2,041

11,827

3.1

6.31

Leipzig

1,237.7

2,039

8,906

2.7

6.42

Westphalia

1,176.4

1,886

9,445

2.4

6.79

Freiburg

789.5

2,834

4,034

1.4

8.03

Other strategic locations

3,620.4

2,111

26,542

2.9

7.31

Total strategic locations Germany

53,733.7

2,420

347,822

2.3

7.23

  1. * Fair value of the developed land excluding € 5,382.0 million, of which € 692.8 million for undeveloped land and inheritable building rights granted, € 1,215.6 million for assets under construction, € 977.9 million for development, € 1,209.9 million for nursing portfolio and € 1,285.8 million for other.
  2. ** Based on the country-specific definition.
  3. *** Excl. Deutsche Wohnen portfolio.