Investor Presentaiton
REMU-the engine for dealing with foreclosed assets
€1.59 bn sales of 3,206 properties across all property classes since set-up
Sales € mn (contract prices¹)
Evolution of properties managed by REMU
#99
# 331
# 575
# 5792
# 492
# 1,130³
1,473
34
(140)
Sales €1.59 bn
(102)
L
1,215
(50)
1,215
76
I
505
82
262
160
330
25
238
249
246
179
100
345
91
524
149
2016
2017
2018
2019
2020
FY2021
01 Jan 2021 Additions
Sales
Transfer to
held for sale
HFS
Cyreit
Organic sales
# properties
Overseas
Residential
Impairment 31 Dec 2021
loss & fair
value losses
Commercial & Manufacturing
BV by
property type
Hotels
Golf
Land
Breakdown of cumulative sales1
by on-boarding year ( € mn)
333
13
629
389
162
1,592
66
% Sales
of vintage stock
61%
55%
61%
46%
(BV)5
4
Legacy
2016
2017
2018
2019
2020
1,130 properties sold in FY2021; 703 via organic sales
Strong pipeline of €109 mn by contract value as at 31 Dec 2021, of which €47 mn
related to SPAs signed
4)
Legacy properties relate to properties that were on-boarded before REMU set-up in January 2016
723
Amounts as per Sales purchase Agreements (SPAs)
5)
2)
3)
Number of properties sold include 21 properties from the disposal of Cyreit and 23 properties from Helix 1
Number of properties include 421 properties from Project Helix 3 and 6 from Project Helix 3
The BV of the properties disposed at the date of disposal as a proportion of the: BV of the properties disposed at the time of the disposal plus
the BV of the residual properties managed by REMU as at 31 December 2021
67View entire presentation