18 Assets and Liabilities Held for Sale

Ownership of the residential and commercial units sold to municipal housing companies in Berlin in the previous year was transferred in the first quarter of 2022. This reduced assets held for sale by a total of € 2.3 billion. As of the reporting date, the value of the assets held for sale that have not yet been transferred in connection with this sale came to € 60.3 million.

The assets held for sale also include properties totaling € 96.3 million (Dec. 31, 2021: € 302.6 million) for which notarized purchase contracts had already been signed as of the reporting date as part of Vonovia’s ordinary sales activities.