Property-related Capital Expenditures

The table below provides an overview of the propertyrelated capital expenditures made by the company throughout the fiscal year.

In the “acquisitions” category, the previous year was characterized by the GAGFAH, SÜDEWO and Franconia acquisitions. The main addition in 2016 was the GRAINGER portfolio.

The increase in investments in the like-for-like portfolio from € 433.5 million in 2015 to € 518.8 million in 2016 reflects our move to step up our modernization program.

in € million

 

2016

 

2015

 

Change in %

 

 

 

 

 

 

 

Acquisitions

 

290.9

 

10,156.3

 

-97.1

Development

 

13.9

 

1.5

 

Like-for-like portfolio

 

518.8

 

433.5

 

19.7

Other

 

 

 

Property-related capital expenditures

 

823.6

 

10,591.3

 

-92.2