IMMOFINANZ’s Romanian rental income hits €34m for Q1-III
Immofinanz reports that its Romanian rental income reached €34m for the first three quarters of its current fiscal year. That’s 14.3 percent of the group’s total rental income, which stands at €238.3m.
The company’s Romanian portfolio represents 15.6 percent of its total portfolio value, including 73 properties (17 standing investments, 11 developments and 45 pipeline projects) with a carrying amount of €907.7m (€647.8m standing, €30.2m developments, €229.6m pipeline). The expected fair value of its current Romanian developments is €117.7m.