Portfolio Information
Vonovia manages its own real estate portfolio with a market value of € 82.5 billion as of June 30, 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* | ||||||||||
June 30, 2024 | (in € million) | (in €/m²) | Residential units | Vacancy | In-place rent | |||||
Strategic | 59,092.2 | 2,248 | 421,228 | 1.8 | 7.67 | |||||
Urban Quarters | 48,254.9 | 2,298 | 340,363 | 1.7 | 7.65 | |||||
Urban Clusters | 10,837.4 | 2,049 | 80,865 | 2.3 | 7.74 | |||||
Recurring Sales | 4,207.9 | 2,289 | 26,286 | 2.8 | 7.60 | |||||
MFH Sales | 4,664.9 | 3,185 | 22,229 | 1.3 | 9.35 | |||||
Non Core | 1,565.0 | 1,441 | 12,483 | 5.0 | 6.85 | |||||
Vonovia Germany | 69,530.0 | 2,267 | 482,226 | 1.9 | 7.73 | |||||
Vonovia Sweden | 6,259.4 | 2,041 | 39,635 | 4.6 | 10.51 | |||||
Vonovia Austria | 2,710.0 | 1,590 | 21,020 | 4.9 | 5.66 | |||||
Vonovia total | 78,499.3 | 2,215 | 542,881 | 2.2 | 7.86 | |||||
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* | ||||||||||
June 30, 2024 | (in € million) | (in €/m²) | Residential units | Vacancy | In-place rent | |||||
Regional market | ||||||||||
Berlin | 23,414.6 | 2,657 | 143,064 | 0.8 | 7.67 | |||||
Rhine Main Area | 6,501.6 | 2,748 | 36,479 | 2.6 | 9.42 | |||||
Southern Ruhr Area | 5,076.8 | 1,885 | 42,921 | 2.6 | 7.20 | |||||
Rhineland | 5,013.6 | 2,343 | 31,465 | 1.8 | 8.27 | |||||
Dresden | 4,871.6 | 1,831 | 43,506 | 2.4 | 6.90 | |||||
Hamburg | 3,195.0 | 2,470 | 20,095 | 1.6 | 8.26 | |||||
Hanover | 2,766.4 | 1,934 | 22,067 | 2.4 | 7.56 | |||||
Kiel | 2,744.2 | 1,849 | 25,103 | 1.7 | 7.55 | |||||
Munich | 2,693.3 | 3,868 | 10,383 | 1.3 | 9.67 | |||||
Stuttgart | 2,237.5 | 2,624 | 13,155 | 1.7 | 8.99 | |||||
Northern Ruhr Area | 2,018.6 | 1,333 | 24,314 | 2.7 | 6.59 | |||||
Leipzig | 1,920.8 | 1,890 | 14,373 | 3.2 | 6.77 | |||||
Bremen | 1,402.8 | 1,925 | 11,688 | 2.1 | 6.87 | |||||
Westphalia | 1,090.7 | 1,761 | 9,412 | 2.6 | 7.25 | |||||
Freiburg | 723.8 | 2,639 | 3,849 | 1.1 | 8.60 | |||||
Other strategic Locations | 3,366.8 | 1,876 | 27,278 | 3.3 | 7.58 | |||||
Total strategic locations Germany | 69,038.2 | 2,273 | 479,152 | 1.9 | 7.73 | |||||
- *Fair value of the developed land excluding € 3,965.3 million, of which € 489.2 million for undeveloped land and inheritable building rights granted, € 266.4 million for assets under construction, € 2,212.4 million for development, € 532.2 million for Care portfolio (discontinued operations) and € 465.1 million for other.
- **Based on the country-specific definition.