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Verkaufsmotivation Immobilienunternehmen 2005-2016

Warum werden Immobilienunternehmen verkauft? Unsere Analyse der in Deutschland getätigten Veräußerungen von 2005-2016 zeigt: Die Hauptmotivation ist schlicht und einfach der finanzielle Nutzen.

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Verkaufsmotivation Immobilienunternehmen 2005-2016

  1. 1. Vendors´ reasons for the sale of real estate companies 2005–2016 EY Real Estate — M&A infographic Dietmar Fischer, Partner Tel. +49 (0) 6196 996 – 24547 Christina Angermeier, Manager Tel. +49 (0) 6196 996 – 17882 Dr. Dominique Pfrang, Manager Tel. +49 (0) 6196 996 – 13740 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Asset, facility and property manager Public companies Others* Property funds and REITs Financial institutions and insurances Developer *e.g. consulting firms, PropTechs, non-property companies Source: Merger Markets 2016, Thomson Reuters 2016, EY Research 2016; n = 288. All figures refer to the total number of real estate company transactions. • Across all seller groups the monetization of company value has been one of the major reasons for the sale of real estate companies • Financial institutions and insurances tend to sell their stakes in real estate companies for reasons of economic or strategic crises • A stronger focus on core business functions has been a significant reason for asset, facility and property managers as well as non-property companies (others) to carve out respective parts of their value chain Monetization of company value was predominant sales reason Economic crises were important drivers of real estate company sales Increasing relevance of strategic difficulties and monetization as sales reasons 2005–2008 2009–2011 2012–2016 Economic difficulties 16% 29% 21% Strategic difficulties 7% 4% 9% Monetization of company value 63% 52% 59% Focusing on core business 15%14% 11%