Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 91.2 billion as of March 31, 2023. The vast majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

Portfolio Structure

Fair value*

Mar. 31, 2023

(in € million)

(in €/m²)

Residential units

Vacancy
(in %)

In-place rent (in €/m²)**

Strategic

64,201.6

2,443

421,396

1.8

7.38

Urban Quarters

52,622.3

2,512

339,722

1.7

7.37

Urban Clusters

11,579.3

2,170

81,674

2.3

7.45

Recurring Sales

4,919.4

2,476

28,407

2.9

7.37

MFH Sales

5,782.0

3,702

23,439

1.4

9.34

Non Core

1,673.5

1,565

14,033

3.9

6.51

Vonovia Germany

76,576.5

2,478

487,275

1.9

7.46

Vonovia Sweden

6,808.6

2,224

39,524

3.9

9.70

Vonovia Austria

3,091.8

1,770

21,569

5.0

5.26

Vonovia total

86,476.9

2,422

548,368

2.2

7.54

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, 2023

(in € million)

(in €/m²)

Residential units

Vacancy
(in %)

In-place rent (in €/m²)**

Regional market

Berlin

26,630.5

2,993

144,051

1.1

7.41

Rhine Main Area

7,101.5

2,992

36,636

2.7

9.17

Dresden

5,504.0

2,000

45,028

2.6

6.66

Southern Ruhr Area

5,388.5

1,998

43,016

2.5

6.93

Rhineland

5,380.9

2,509

31,774

2.0

8.05

Hamburg

3,433.5

2,656

20,125

1.0

7.93

Munich

3,020.1

4,181

10,726

1.3

9.38

Hanover

3,006.6

2,084

22,096

2.4

7.30

Kiel

2,947.3

1,961

25,327

2.0

7.16

Stuttgart

2,444.4

2,857

13,326

1.7

8.68

Northern Ruhr Area

2,161.1

1,419

24,470

2.6

6.35

Leipzig

2,020.0

1,998

14,275

3.2

6.51

Bremen

1,535.0

2,098

11,735

1.9

6.55

Westphalia

1,150.3

1,844

9,440

1.9

7.00

Freiburg

781.7

2,816

4,035

1.3

8.28

Other Strategic Locations

3,602.8

2,014

27,610

2.8

7.35

Total strategic locations Germany

76,108.1

2,484

483,670

1.9

7.46

  1. *Fair value of the developed land excluding € 4,764.4 million, of which € 502.2 million for undeveloped land and inheritable building rights granted, € 551.1 million for assets under construction, € 2,227.1 million for development, € 1,059.4 million for nursing portfolio and € 424.6 million for other.
  2. **Based on the country-specific definition.