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Aroundtown: Difference between revisions
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Due to the current market environment, Aroundtown was more selective in its commercial portfolio and spent less capex. ('''citation''') | Due to the current market environment, Aroundtown was more selective in its commercial portfolio and spent less capex. ('''citation''') | ||
* During 2022, AT invested €408 million in capex, reflecting a ratio of 1.4% | * During 2022, AT invested €408 million in capex, reflecting a ratio of 1.4% over average investment property value (including properties held for sale), lower in comparison to €433 million and 1.7% in 2021. Excluding GCP, total capex was approx. €265 million in 2022, lower compared to approx. €375 million in 2021. | ||
* Expansion capex accounted for 48% of the capex in 2022. | * Expansion capex accounted for 48% of the capex in 2022. | ||
* Tenant improvements accounted for 24% of the capex in 2022 | * Tenant improvements accounted for 24% of the capex in 2022 | ||