Allreal Holding

1. Political Risk: Allreal Holding AG operates in multiple countries, so changes in laws or regulations that impede the company’s operating performance can have an unfavorable impact on its business.

2. Market Risk: Allreal Holding AG operates in a highly competitive real estate market, which can cause its market share and profitability to suffer.

3. Financial Risk: Allreal Holding AG has significant debt obligations, which means that in the event of a downturn in the economy or changes in interest rates, it may not be able to service its debt and could face financial difficulties.

4. Operational Risk: Allreal Holding AG relies on its own staff and third-party service providers for the majority of its operations and services, so changes to the labor force or service providers can disrupt its activities and negatively impact its bottom line.

5. Reputational Risk: Allreal Holding AG’s reputation is dependent upon the success of its investments, so any risks or scandals associated with its investments can have an unfavorable impact on its reputation and may impact its ability to further grow its business.