Property-related Capital Expenditure
The table below provides an overview of the property-related capital expenditure made by the company throughout the fiscal year.
In the acquisitions category, the prior year was dominated by the takeover of Deutsche Wohnen. Smaller portfolios in relative terms were acquired in the reporting year.
Investments in new construction fell by 5.1% year-on-year in 2022. Investments in the existing portfolio were increased by 11.1%.
Property-related Capital Expenditure
in € million | 2021 | 2022 | Change in % | |||
Acquisitions | 28,334.1 | 354.7 | -98.7 | |||
Development* | 639.9 | 607.1 | -5.1 | |||
Investment properties | 1,124.2 | 1,248.9 | 11.1 | |||
Incremental lettable space | – | – | ||||
No incremental lettable space | 1,124.2 | 1,248.9 | 11.1 | |||
Other | – | – | ||||
Property-related capital expenditure | 30,098.2 | 2,210.7 | -92.7 | |||
- * incl. attic conversions.