Real Estate

Renting apartments and managing and utilizing industrial and commercial properties - these are the key activities of our Real Estate experts. Sales in the reporting period remained generally stable at €337 million. Real Estate comprises two business units: Residential Real Estate manages 48,000 housing units, mostly owned by the Group, and Real Estate Management optimizes the Group's commercial property.

Real Estate in figures
* before taxes and minority interest

 

 

  

2002/2003

  

2003/2004

Order intake

million €

  

345

  

337

Sales

million €

  

345

  

337

EBITDA

million €

  

118

  

151

Income*

million €

  

60

  

72

Employees (September 30)

 

  

638

  

575

Real Estate views itself as a service provider for private tenants and investors as well as for subsidiaries of the Group.

The Residential Real Estate business unit is responsible for the largest share of sales. Letting and managing 48,000 apartments and houses in the Rhine/Ruhr region, it is one of Germany's biggest industry-based real estate service providers. Extensive improvement and maintenance programs were again carried out to safeguard the value of the portfolio in the past fiscal year.

The Real Estate Management business unit is mainly involved in corporate real estate management for the ThyssenKrupp Group. The Groupwide real estate clearing scheme was systematically expanded to support individual companies in the leasing or managing of real estate. At the end of the reporting period, the business unit disposed of low-revenue marginal activities such as the development and consulting business. Development projects still under construction will be completed and billed.