Operating performance – average rent increased, vacancy rate reduced

In 2019, the Group once again improved its operating performance. As of 31 December 2019, the average contractually agreed rent per square metre per month amounted to EUR 5.60 , an increase of EUR 0.11 compared to EUR 5.49 at the end of 2018.

The vacancy for the core portfolio rate stood at 5.4 percent at the end of 2019, a year-on-year improvement of 0.6 percentage points (end of 2018: 6.0 percent). Net rental income increased by 2.4 percent on a like-for-like basis.