Immofinanz Hungary’s portfolio worth EUR 468 mln in 2016
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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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