In the first half of the 2016A financial year, Immofinanz’s rental income in Romania increased by 2.9 percent to €22.9m, or 14.9 percent of the group’s total rental income.
The company’s 76 properties in Romania represent 16.3 percent of the company’s total portfolio, (20 standing investments, 2 developments, 9 real estate inventories and 45 pipeline projects) with a carrying value of €853.2m. The expected fair value after completion of the group’s current development projects in Romania amounts to €105.4m.
At a group level, Immofinanz’s operations result totaled €87.6m for the first two quarters of the abbreviated 2016 financial year, an increase of 28.2 percent from the same period a year ago.
