Valuation results*

 

Valuation parameters investment properties (Level 3)

Dec. 31, 2017




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 € 331.4 million in development, undeveloped land, inheritable building rights granted, assets under construction and other, thereof € 255.9 million in investment properties.

**

The gross rental method for the portfolio in Austria uses valuation parameters that are only partially comparable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Berlin

 

5,181.9

 

12.6

 

7.0

 

5,162.3

 

251

 

14.02

 

6.98

 

1.5%

 

1.4%

 

4.3%

 

2.9%

Rhine Main Area

 

3,525.1

 

3.2

 

5.7

 

3,516.2

 

271

 

14.05

 

8.43

 

1.4%

 

1.3%

 

5.1%

 

3.7%

Rhineland

 

3,240.3

 

2.2

 

7.6

 

3,230.5

 

267

 

13.58

 

7.52

 

1.3%

 

2.0%

 

5.3%

 

4.0%

Southern Ruhr Area

 

2,884.2

 

2.8

 

3.7

 

2,877.7

 

263

 

12.96

 

6.18

 

1.1%

 

2.6%

 

5.5%

 

4.5%

Dresden

 

2,875.2

 

0.0

 

5.1

 

2,870.1

 

236

 

14.59

 

6.47

 

1.3%

 

2.1%

 

5.4%

 

4.3%

Hamburg

 

1,940.1

 

2.5

 

2.9

 

1,934.7

 

257

 

14.22

 

7.76

 

1.3%

 

1.3%

 

4.9%

 

3.8%

Munich

 

1,820.2

 

6.6

 

2.4

 

1,811.2

 

258

 

13.79

 

10.69

 

1.5%

 

0.6%

 

4.9%

 

3.4%

Stuttgart

 

1,742.0

 

1.7

 

2.5

 

1,737.8

 

269

 

14.21

 

8.41

 

1.4%

 

1.5%

 

5.2%

 

3.8%

Northern Ruhr Area

 

1,417.5

 

2.3

 

3.8

 

1,411.5

 

266

 

13.31

 

5.79

 

0.9%

 

3.6%

 

5.8%

 

5.1%

Hanover

 

1,297.5

 

1.1

 

1.3

 

1,295.1

 

256

 

13.89

 

6.70

 

1.3%

 

1.9%

 

5.3%

 

4.0%

Kiel

 

992.3

 

4.5

 

2.8

 

985.1

 

255

 

14.39

 

6.37

 

1.2%

 

1.7%

 

5.3%

 

4.3%

Bremen

 

913.9

 

0.0

 

3.5

 

910.3

 

259

 

13.28

 

6.09

 

1.3%

 

2.4%

 

5.1%

 

3.9%

Leipzig

 

763.3

 

0.0

 

5.1

 

758.2

 

252

 

14.34

 

6.16

 

1.4%

 

4.0%

 

5.3%

 

4.0%

Westphalia

 

667.0

 

0.0

 

1.0

 

666.0

 

259

 

13.44

 

6.17

 

1.2%

 

2.0%

 

5.5%

 

4.4%

Freiburg

 

545.0

 

0.2

 

1.9

 

542.9

 

266

 

14.36

 

7.72

 

1.4%

 

1.0%

 

4.8%

 

3.4%

Other strategic Locations

 

2,102.8

 

4.3

 

4.5

 

2,094.0

 

267

 

13.82

 

6.96

 

1.2%

 

2.1%

 

5.3%

 

4.1%

Total strategic locations

 

31,908.2

 

44.0

 

60.8

 

31,803.5

 

259

 

13.82

 

7.01

 

1.3%

 

2.0%

 

5.2%

 

3.8%

Non-strategic Locations

 

645.1

 

68.9

 

1.0

 

575.2

 

269

 

13.43

 

5.51

 

1.0%

 

5.6%

 

5.7%

 

5.0%

Vonovia Germany

 

32,553.3

 

112.9

 

61.7

 

32,378.6

 

259

 

13.81

 

6.96

 

1.3%

 

2.1%

 

5.2%

 

3.9%

Vonovia Austria**

 

551.6

 

3.3

 

0.0

 

548.3

 

n.a.

 

n.a.

 

9.15

 

n.a.

 

n.a.

 

n.a.

 

3.3%