Hamburg
Hamburg

Fresh breeze with strong economic development

Hamburg is one of the most important industrial locations in Germany. As the second-largest city after Berlin, Hamburg is an important economic hub for trade, transport and the aviation industry. Good infrastructure, innovative companies and a skilled workforce are some of the factors contributing to the current growth of its economy. Demand for apartments remains high.

Units 6,447
Floor area sqm 395,026
IFRS book value 12/31/2024 in EUR m 515.1
Gross yield in % 5.7
Vacancy 12/31/2024 in % 3.0
Vacancy* 12/31/2023 in % 3.5
Net actual rent EUR/sqm 6.44
Reletting rent EUR/sqm 6.99
L-f-I rental-growth EUR/sqm (y-o-y) % 3.9
L-f-I rental-growth total* (y-o-y) % 4.5
Maintenance EUR/sqm 13.09
Capex EUR/sqm 14.80

as of 12/31/2024

* Incl. effects from vacancy reduction