Valuation results*

 

Valuation parameters investment properties (Level 3)

 

Dec. 31, 2018




Regional Market

 

Fair value (in € million)

 

thereof Assets held for sale (in € million)

 

thereof Owner-occupied properties (in € million)

 

thereof Investment properties (in € million)

 

Management costs residential (€ per residential unit p.a.)

 

Maintenance costs total residential (€ per m2 p.a.)

 

Market rent residential (€ per m2 per month)

 

Market rent increase residential

 

Stabilized vacancy rate residential

 

Discount rate total

 

Capitalized interest rate total

 

*

Fair value of the developed land excluding € 1,356.8 million in development, undeveloped land, inheritable building rights granted and other, thereof € 760.4 million in investment properties.

**

The valuation methods for the properties in Austria and Sweden provided only partially comparable valuation parameters. Administrative and expenses are not shown separately.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Berlin

 

6,535.9

 

2.5

 

5.4

 

6,527.9

 

251

 

14.29

 

7.38

 

1.8%

 

1.3%

 

4.4%

 

2.7%

 

Rhine Main Area

 

3,949.6

 

20.9

 

6.3

 

3,922.4

 

274

 

14.20

 

8.81

 

1.8%

 

1.2%

 

5.1%

 

3.5%

 

Rhineland

 

3,424.5

 

2.8

 

7.9

 

3,413.8

 

271

 

13.81

 

7.68

 

1.7%

 

2.0%

 

5.3%

 

3.8%

 

Southern Ruhr Area

 

3,354.0

 

5.4

 

4.2

 

3,344.3

 

267

 

12.78

 

6.42

 

1.5%

 

2.5%

 

5.4%

 

4.1%

 

Dresden

 

3,104.1

 

0.0

 

5.5

 

3,098.6

 

239

 

14.36

 

6.73

 

1.7%

 

2.0%

 

5.6%

 

4.2%

 

Hamburg

 

2,456.1

 

0.3

 

3.0

 

2,452.8

 

259

 

14.50

 

8.03

 

1.6%

 

1.4%

 

5.0%

 

3.6%

 

Munich

 

2,050.6

 

9.8

 

3.1

 

2,037.7

 

262

 

13.88

 

10.66

 

1.8%

 

0.6%

 

4.8%

 

3.1%

 

Stuttgart

 

1,935.6

 

4.8

 

1.8

 

1,929.0

 

272

 

14.41

 

8.73

 

1.8%

 

1.3%

 

5.2%

 

3.5%

 

Kiel

 

1,909.9

 

0.0

 

2.5

 

1,907.4

 

259

 

14.62

 

6.80

 

1.6%

 

1.7%

 

5.2%

 

3.9%

 

Hanover

 

1,622.7

 

0.4

 

1.8

 

1,620.5

 

260

 

14.14

 

7.03

 

1.7%

 

2.0%

 

5.4%

 

3.9%

 

Northern Ruhr Area

 

1,566.8

 

12.1

 

4.5

 

1,550.2

 

269

 

13.33

 

6.06

 

1.2%

 

3.4%

 

5.7%

 

4.8%

 

Bremen

 

1,071.2

 

0.0

 

2.6

 

1,068.6

 

264

 

13.25

 

6.33

 

1.8%

 

2.1%

 

5.2%

 

3.6%

 

Leipzig

 

867.6

 

0.1

 

1.0

 

866.5

 

255

 

14.65

 

6.33

 

1.7%

 

3.6%

 

5.3%

 

3.8%

 

Westphalia

 

783.2

 

0.0

 

1.1

 

782.1

 

264

 

13.41

 

6.65

 

1.5%

 

1.8%

 

5.5%

 

4.2%

 

Freiburg

 

602.4

 

0.2

 

2.0

 

600.2

 

270

 

14.86

 

7.96

 

1.7%

 

0.9%

 

4.8%

 

3.2%

 

Other strategic Locations

 

2,604.6

 

6.1

 

3.9

 

2,594.7

 

268

 

14.46

 

7.20

 

1.6%

 

2.3%

 

5.4%

 

4.0%

 

Total strategic locations

 

37,838.9

 

65.3

 

56.9

 

37,716.7

 

262

 

13.98

 

7.29

 

1.7%

 

1.9%

 

5.2%

 

3.6%

 

Non-strategic Locations

 

789.5

 

29.0

 

1.4

 

759.2

 

259

 

14.50

 

6.90

 

1.7%

 

2.8%

 

5.5%

 

3.9%

 

Vonovia Germany

 

38,628.4

 

94.3

 

58.2

 

38,475.8

 

262

 

13.99

 

7.28

 

1.7%

 

2.0%

 

5.2%

 

3.6%

 

Vonovia Austria**

 

2,517.0

 

0.0

 

0.0

 

2,517.0

 

n.a.

 

n.a.

 

5.87

 

0.9%

 

n.a.

 

5.2%

 

n.a.

 

Vonovia Sweden**

 

1,737.7

 

0.0

 

0.0

 

1,737.7

 

n.a.

 

n.a.

 

9.20

 

2.0%

 

0.7%

 

6.1%

 

4.2%