Portfolio Information

Vonovia manages its own real estate portfolio with a market value of € 88.7 billion as of September 30, 2023. The vast majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

Portfolio Structure

Fair value*

Sep. 30, 2023

(in € million)

(in €/m²)

Residential units

Vacancy
(in %)

In-place rent
(in €/m²)**

Strategic

63,185.7

2,401

421,896

1.8

7.51

Urban Quarters

51,560.1

2,460

339,911

1.7

7.51

Urban Clusters

11,625.6

2,169

81,985

2.3

7.54

Recurring Sales

4,728.7

2,419

27,929

2.7

7.47

MFH Sales

5,376.9

3,489

23,143

1.4

9.45

Non Core

1,583.5

1,500

13,985

4.1

6.61

Vonovia Germany

74,874.7

2,425

486,953

1.9

7.58

Vonovia Sweden

6,350.5

2,071

39,628

3.5

9.78

Vonovia Austria

2,925.2

1,686

21,417

4.7

5.42

Vonovia total

84,150.5

2,359

547,998

2.1

7.67

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*

Sep 30, 2023

(in € million)

(in €/m²)

Residential units

Vacancy
(in %)

In-place rent
(in €/m²)**

Regional market

Berlin

25,604.4

2,879

143,942

1.0

7.57

Rhine Main Area

6,951.1

2,934

36,575

2.8

9.28

Dresden

5,381.7

1,955

45,017

2.4

6.79

Southern Ruhr Area

5,314.1

1,969

43,018

2.6

7.05

Rhineland

5,246.7

2,455

31,659

1.9

8.14

Hamburg

3,436.2

2,665

20,117

1.0

8.02

Munich

3,096.5

4,241

10,856

1.5

9.67

Hanover

3,041.4

2,109

22,087

2.1

7.40

Kiel

2,887.3

1,925

25,323

2.1

7.34

Stuttgart

2,397.0

2,805

13,335

1.6

8.84

Northern Ruhr Area

2,129.7

1,399

24,443

2.6

6.41

Leipzig

2,015.7

1,994

14,267

3.0

6.56

Bremen

1,496.7

2,046

11,732

1.5

6.64

Westphalia

1,139.4

1,826

9,438

2.1

7.05

Freiburg

749.5

2,702

4,033

1.1

8.39

Other Strategic Locations

3,549.1

1,991

27,568

3.1

7.43

Total strategic locations Germany

74,436.4

2,431

483,410

1.9

7.59

  1. *Fair value of the developed land excluding € 4,543.2 million, of which € 510.4 million for undeveloped land and inheritable building rights granted, € 228.3 million for assets under construction, € 2,316.5 million for development, € 1,084.4 million for nursing portfolio and € 403.6 million for other.
  2. **Based on the country-specific definition.