Financial Analysis and Currency Deposits
REMU- decline of foreclosed assets inflows and sales record positive results
Evolution of properties managed by REMU
Sales € mn (contract prices¹)
Group BV (€ mn)
# 99
# 331
# 575
# 5792
# 492
# 1,1302
# 373
Sales €1.69 bn
505
160
330
1,215
26
(87)
1,146
1,146
(8)
65
77
260
24
246
238
249
179
345
100
91
99
474
149
2016
2017
2018
2019
2020
2021
1H2022
01 Jan 2022 Additions
Sales
HFS
Cyreit
Organic sales
# properties
Overseas
Residential
Impairment 30 Jun 2022
loss & fair
value losses
Commercial & Manufacturing
BV by
property type
Hotels
Golf
Land
Breakdown of cumulative sales1
by on-boarding year (€ mn)
359
646
397
174
91 5
19
1,691
% Sales
of vintage stock
(BV)4
67%
57%
62%
51%
3
Legacy
2016
2017
2019
2021
2018
2020
3)
72
1) Amounts as per Sales purchase Agreements (SPAs)
4)
2) Number of properties include 421 properties from Project Helix 3 and 6 from Project Sinope
373 properties sold in 1H2022
Strong pipeline of €81 mn by contract value as at 30 June 2022, of which €41 mn
related to SPAs signed
Legacy properties relate to properties that were on-boarded before REMU set-up in January 2016
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 30 June 2022
56View entire presentation