Immofinanz increases its revenues from rents in Romania

This result represents 7.8% from the total rents revenues of the group.

Its operational incomes reached EUR 8.5 million in the above mentioned period compared to EUR 6.8 million last year, representing 6.3% of the total operational results of Immofinanz Group.

The properties of Immofinanz Group in Romania represent 9.7% of the total company’s portfolio. The group owns in Romania 88 assets (17 finalized investments, 11 ongoing and 60 projects planned), with a total value over EUR 1 billion (EUR 654.6 million – completed, EUR 39.7 – ongoing, EUR 309.4 – planned).

The current investments portfolio in Romania includes nine office buildings (13.4% of the total office portfolio), five retail properties (9.1% from the total retail portfolio) and three logistic centres (3.2% of the entire logistics portfolio).

Immofinanz Group is one of the most important real estate companies in Europe and it is included in the Austrian Traded Index of Wien Stock Exchange. The company is also listed on Warsaw Stock Exchange. Its portfolio includes more than 1,700 assets with a market value of approx. EUR 10.4 billion. (source: dailybuisness.ro, zf.ro)