Immofinanz’s occupancy rate for its property portfolio hit 95.8 percent at the end of 2018, up 1.6 percent y-o-y. Occupancy in the Austrian company’s office portfolio reached 93.7 percent in December 2018, up from 91.9 percent the previous year. Immofinanz’s retail properties, meanwhile, were 98.2 percent leased at the end of 2018, up 1 percent from the same period in 2017. Countries with the highest occupancy rates included Germany (99.4 percent), Slovakia (96.9 percent) and Hungary (96 percent).
“Our clear brand policy as the guarantee for quality and reliability, combined with our high customer orientation, formed the basis for this further increase in occupancy to a new record level,” said Dietmar Reindl, COO of Immofinanz. “We are currently continuing the roll-out of our myhive office brand in Vienna, Dusseldorf and Bucharest, which will give us a total of 26 locations, and we want to strengthen our positioning as the leading retail park operator in Europe with further acquisitions and our own Stop Shop development projects.” There are currently four myhive locations in Budapest.
