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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 %)

In-place rent
(in €/m²)**

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 %)

In-place rent
(in €/m²)**

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

  1. *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.
  2. **Based on the country-specific definition.