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S Immo EBITDA, revenue climb in Q1-Q3

Office Market

The Hungarian unit of Austrian property investor S Immo had revenue of €19.8m in Q1-Q3, up €870,000 from the same period a year earlier, S Immo’s head in Hungary Katalin Sermer said at a press conference on Wednesday.

S Immo Hungary’s EBITDA rose to €8.4m from €8.2m during the same period, Ms Sermer said.

S Immo owns 70,000sqm of office space in Budapest. The 30,000sqm Budapest Marriott Hotel is also in its €163m portfolio.

Occupancy rate at S Immo’s office buildings is 88%, over the 79.3% market average.

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