Raiffeisen real-estate fund enlarged

Analysis

Raiffeisen Fund Management Zrt added approximately 7,000 square meters of office space plus the adjoining car parks to the portfolio of Raiffeisen Real Estate Fund in November, the company announced.

As a result, property investments now account for 35% of the fund’s total assets, up from the previous 33%. At the same time, the value of the entire portfolio declined from Ft 124 billion to Ft 123 billion due to currency rate fluctuations, a major factor in the assessment of real estate holdings as rates for office space are typically concluded in euros, according to a company newsletter. Raiffeisen is expecting this trend to continue in the coming months. (Napi Gazdaság)

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Statistics