Property-related Capital Expenditures

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

In the “acquisitions” category, the previous year was largely characterized by the addition of the GRAINGER portfolio. In 2017, the main impact came from the conwert acquisition.

The increase in investments in the like-for-like portfolio from € 518.8 million in 2016 to € 771.8 million in 2017 reflects our move to step up our modernization program.

in € million

 

2016

 

2017

 

Change in %

 

 

 

 

 

 

 

Acquisitions

 

290.9

 

2,711.1

 

832.0

Development

 

13.9

 

65.7

 

372.7

Like-for-like portfolio

 

518.8

 

771.8

 

48.8

Other

 

 

 

Property-related capital expenditures

 

823.6

 

3,548.6

 

330.9