11 Profit on the Disposal of Properties
Profit on the Disposal of Properties
in € million | 2022 | 2023 | |||
Income from the disposal of properties | 195.4 | 369.1 | |||
Carrying amount of properties sold | -126.2 | -310.6 | |||
Profit from the disposal of investment properties | 69.2 | 58.5 | |||
Income from the sale of assets held for sale | 3,047.0 | 498.6 | |||
Retirement carrying amount of assets held for sale | -3,045.8 | -497.4 | |||
Change in value from properties sold | 68.0 | 18.4 | |||
Profit from the disposal of assets held for sale | 69.2 | 19.6 | |||
138.4 | 78.1 | ||||
The fair value adjustment of residential properties held for sale, for which a purchase contract had been signed but for which transfer of title had not yet taken place as of December 31, 2023, led to a gain of € 18.4 million (2022: € 68.0 million).
In the previous year, the assets held for sale had been dominated primarily by the disposal of properties as part of the Berlin Deal (for more information, please refer to note [D37] Assets and Liabilities Held for Sale in the 2022 Annual Report).