Financial Strategy and Ecosystem Platform Expansion
REMU: Pro forma for Held For Sale, REMU stock reduced by 17% in FY2021
REMU stock reduced to €1.2 bn as at 31 Dec 2021
Group BV (€ mn)
#1,951
#3,388
#2,860
Properties sold exceed properties acquired since 2017
Group BV (€ mn)
-17%
1,653
1,473
Dec 17
Dec 20
1,215
Dec 21
1,324
(1,374)
1,438
(173)
1,215
1 Jan 2017
Additions
Sales 3
Impairment
& FV loss
31 Dec 2021
Pro forma for HFS, €249 mn sales in FY2021, +174% yoy
Sales € mn (contract prices¹)
€149 mn organic sales in FY2021; comfortably above Book Value
# 579
505
Cyreit
160
# 492
# 1,130²
+174%
249
Organic
100
HFS
345
sales
91
149
FY2019
FY2020
FY2021
# properties
723
2)
Amounts as per Sales Purchase Agreements (SPAs)
Includes 421 properties of Project Helix 3 and 6 properties of Project Sinope
3) Include €102 mn REMU assets classified as held for sale
111%
87%
107%
115%
110%
89%
92%
84%
33
40
149
76
Total Organic
Sales FY2021
Commercial
Residential
Land
Net Proceeds / BV
Gross Proceeds / OMV
27View entire presentation