The Group has an overriding strategy of ensuring that – measured in terms of sales areas – it owns at least half of the real estate used for operating purposes. At the balance sheet date on February 28, 2023, this share amounted to 61 percent (2020/21: around 60 percent). The remaining 39 percent of sales areas (including finance leases) are let from third parties. In addition, HORNBACH Immobilien AG and HORNBACH Baumarkt AG both hold a number of purchase options for further land at first-class locations in Germany and abroad. Moreover, Group companies also already own pieces of land in Germany and abroad that are designated for use as retail locations.
|No. of stores||Sales area m2||Share %|
|Property of HORNBACH Baumarkt AG subgroup||60||722,525||35.5|
|Property of HORNBACH Immobilien AG subgroup||43||519,529||25.5|
|Total property owned||103||1,242,054||61.0|
|Land rented, buildings owned||4||35,391||1.8|
As well as managing and maintaining existing properties, HORNBACH Immobilien AG is also responsible for developing new locations. That is why its strong team of internationally experienced real estate specialists is permanently on the lookout for first-class locations, i.e. top-quality properties from around 30,000 square meters upwards located in the catchment areas of metropolitan areas and large cities.