Immofinanz, one of the most important players on the Romanian real estate market, registered rental income of EUR 11.9 million in Romania in the first quarter of 2018, which represents 20.2% of the group’s total revenues from rents.

Immofinanz’ properties in Romania represent 19.3% of the group’s total portfolio, including 64 properties with a value of EUR 809.3 million. The completed investment portfolio worth EUR 622.3 million is represented by 9 office buildings (14.6% of the entire portfolio of offices) and 6 retail properties (23.1% of the entire retail portfolio), the company said.

In the first quarter of the financial year 2018, the occupancy rate of the portfolio in Romania increased to 95.5%, from 94.6% at the end of December 2017.

Romania properties include Iride Business Park, Metroffice, S-Park, Victoria Park, Băneasa Airport Tower, as well as four Vivo! Retail centres in Cluj-Napoca, Piteşti, Constanţa and Baia Mare.

Irina Marica, irina.marica@romania-insider.com