Market Leader with Potential for Further Penetration
Real Estate Management Unit (REMU)
Outlook
•
REMU stock expected to halve by December 2025
•
Continue to dispose REMU properties comfortably above
Properties sold exceed properties acquired since 2017
(€bn)
1.41
(1.58)
book value and close to open market value
•
Average sales of c. €200 mn p.a. since 2017
1.44
•
Going forward, REMU inflows expected to reduce rapidly
reflecting the significant decline in NPES
1 Jan 2017 Additions Sales
Organic sales consistently close to OMV; comfortably above BV
119%
114%
113%
112%
107%
94%
88%
90%
86%
91%
1Q2019
1Q2020 1Q2021
1Q2022
1Q2023
Net proceeds to BV
Gross proceeds to OMV
(0.02)
(0.20)
1.05
C.0.5
Transfer Impairment
to/from & FV loss
31 Mar
2023
Dec 25
own
properties
Inflows substantially reduced with completion of de-risking
Net inflows/
(outflows) € bn
0.26 (0.10) (0.01) 0.01
(0.22) (0.07)
0.52
0.43
Inflows (€ bn)
0.20
0.15
0.09
0.02
Sales (€ bn)
-0.14
-0.26
-0.21
-0.16
-0.24
-0.53
2017
2018
2019
2020
2021
2022
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