The property portfolio
At the end of the third quarter 2019, ADLER’s portfolio, including BCP, comprised 58,089 core quality rental units totalling 3.5 million square metres with an annualised net rent (including parking spaces and other areas) of EUR 221.1 million. The fair value of the total portfolio (investment properties and inventories) was EUR 4,904.2 million. The regional focus is on Lower Saxony (18,310 units), North Rhine-Westphalia (13,812 units) and Saxony (9,672 units).
ADLER’s residential portfolio also includes a small number of associated commercial units, mainly shops and offices of a type that is often found in city-centre residential properties. As at the end of the third quarter of 2019, we held 934 of these units which accounted for 1.6 percent of the properties held for permanent letting.