Operating performance – average rent increased, vacancy rate reduced

In 2020, the Group once again improved its operating performance. As of 31 December 2020, the average contractually agreed rent per square metre per month amounted to EUR 6.00, an increase of EUR 0.40 compared to EUR 5.60 at the end of 2019. 

The vacancy rate (excl. units under renovation) stood at 4.3 percent at the end of 2020, a year-on-year improvement of 0.6 percentage points (end of 2019: 4.9 percent).

Net rental income increased by 3.9 percent on a like-for-like-basis.