Immofinanz makes over EUR 24 mln from rents in Romania

Austrian group Immofinanz, one of the most important players in the real estate market in Romania, recorded a EUR 24.6 million rental income in Romania in the first six months of the year. The amount accounted for 21.4% of the group’s total rental income worldwide. The assets owned by Immofinanz in Romania represent 20.7% of the company’s total portfolio, without including the assets in Russia. Its 72 assets in Romania, including 18 completed properties, have a value of EUR 841 million, with 44 of them being projects under review. Immofinanz is mainly active in Austria, Germany, the Czech Republic, Slovakia, Hungary, Romania and Poland. editor@romania-insider.com