Immofinanz’s rental income in Romania for the first half of the 2015/16 financial year was stable, coming in at €22.2m. This was down slightly from the €22.5m earned during the same period a year ago. The figure made up 13.9 percent of Immofinanz’s total group rental income. The company’s operating profit in Romania amounted to €34.8m over the six month period.
Immofinanz’s Romanian properties represent 14.6 percent of the company’s total portfolio, including 73 properties (17 standing investments, 11 developments and 45 pipeline projects) with a value of €907.1m (€649.2m standing, €28.3m in developments, and €229.6m in the pipeline). The expected fair value after completion of the current Group’s development projects in Romania amounts to €117.7 m.
