Portfolio Information

Vonovia manages its own real estate portfolio with a market value of € 83.7 billion as of March 31, 2024. The vast majority of our residential units are located in regions with positive economic and demographic development prospects.

Portfolio Structure

Portfolio Structure

Fair value*

Mar. 31, 2024

(in € million)

(in €/m²)

Residential units

Vacancy
(in %)

In-place rent
(in €/m²)**

Strategic

59,984.4

2,285

420,758

1.8

7.61

Urban Quarters

49,080.8

2,339

340,098

1.7

7.59

Urban Clusters

10,903.6

2,069

80,660

2.2

7.67

Recurring Sales

4,336.0

2,326

26,656

2.8

7.55

MFH Sales

4,781.2

3,233

22,413

1.3

9.32

Non Core

1,684.8

1,515

12,819

4.9

6.81

Vonovia Germany

70,786.5

2,305

482,646

1.9

7.67

Vonovia Sweden

6,179.1

2,016

39,631

4.2

10.21

Vonovia Austria

2,765.8

1,614

21,150

4.9

5.51

Vonovia total

79,731.4

2,247

543,427

2.2

7.78

In order to boost the level of transparency in the presentation of our portfolio, we also break our portfolio down into 15 regional markets. These markets are core towns/cities and their surroundings, the majority of which are 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, 2024

(in € million)

(in €/m²)

Residential units

Vacancy
(in %)

In-place rent
(in €/m²)**

Regional market

Berlin

23,941.8

2,714

143,150

0.8

7.64

Rhine Main Area

6,636.0

2,800

36,485

2.5

9.38

Southern Ruhr Area

5,189.4

1,926

42,953

2.7

7.14

Rhineland

5,072.1

2,367

31,511

2.0

8.21

Dresden

4,929.0

1,861

43,311

2.6

6.86

Hamburg

3,247.6

2,510

20,099

1.4

8.13

Hanover

2,874.4

2,009

22,071

2.2

7.49

Kiel

2,772.0

1,865

25,139

1.8

7.45

Munich

2,746.5

3,889

10,522

1.4

9.59

Stuttgart

2,258.2

2,639

13,225

1.7

8.92

Northern Ruhr Area

2,047.9

1,351

24,345

2.5

6.49

Leipzig

1,873.6

1,868

14,220

2.9

6.68

Bremen

1,438.6

1,973

11,697

1.9

6.71

Westphalia

1,090.8

1,760

9,417

2.3

7.22

Freiburg

726.0

2,646

3,850

0.8

8.57

Other strategic Locations

3,437.3

1,903

27,454

3.1

7.53

Total strategic locations Germany

70,281.2

2,312

479,449

1.9

7.67

  1. *Fair value of the developed land excluding € 3,932.5 million, of which € 489.0 million for undeveloped land and inheritable building rights granted, € 250.9 million for assets under construction, € 2,163.5 million for development, € 630.1 million for nursing portfolio (discontinued operations) and € 399.0 million for other.
  2. **Based on the country-specific definition.