Immofinanz Hungary’s portfolio worth EUR 468 mln in 2016

MNB

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By the end of 2016, the Hungarian portfolio of Immofinanz comprised 11.7% of the total, with the exclusion of Russia, according to a press statement sent to the Budapest Business Journal. 

Its portfolio of 30 buildings here (23 completed investments and seven in development) have a total book value of EUR 468.8 million.

The completed portfolio comprises of 11 office buildings (12.9% of the total) and 12 retail real estates (13.9% of the total). 

The occupancy rate of the Hungarian portfolio has grown to 90.7% by the end of the year from end-April’s 84.7%.

By the end of the 2016 financial year, the Hungarian portfolio’s rental revenue had grown to EUR 17.8 mln, which is 11.4% of the group’s total.

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