Record Portfolio Revaluation
A 1.2% portfolio revaluation was achieved, marking the first positive revaluation of the entire portfolio since 2018.
Successful Retail Opening in Hamburg
Westfield Hamburg-Überseequartier's retail opening was successful, with close to 4 million visits reported.
Strong Leasing Activity
Leasing activity led to a 60 basis points reduction in vacancy in H1 and a 7.1% MGR uplift on top of indexation.
Progress in Disposals
EUR 1.6 billion in disposals completed or secured, with an additional EUR 0.9 billion under active discussion.
Positive Financial Performance
Like-for-like EBITDA up 4.1% and a reduction in net debt-to-EBITDA ratio to 9.2x from 9.5x.
Sustainability Recognitions
Named as one of the 100 Most Sustainable Companies by Time Magazine and ranked #1 in the Real Estate sector by Corporate Knights.