Immofinanz: 22.8m euros from rents despite 885m-euro portfolio -
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » December, 2010 » 21 December 2010

Immofinanz: 22.8m euros from rents despite 885m-euro portfolio
21.12.2010, 00:07 | Real Estate | 634 views

Austria's Immofinanz investment fund, the most powerful investor on the domestic real estate market after taking over Immoeast fund, in the first half of the financial year (May-October 2010) 22.8m-euro revenues from the renting of 15 real estate properties domestically, down 13% from the same period of last year, though the Austrians hold a portfolio valued at 885m euros in Romania.

The Austrians, who in 2005-2008 period bought plot after plot, have many projects put on ice, so that out of 49 properties included in the portfolio, just 15 are generating revenues, with the rest being projects under construction (such as Maritimo Constanţa), or plots "frozen" in various stages, reveals a financial report by the Austrians.


Latest news in category Real Estate

The Romanian Development Ministry significantly increases fines charged to homeowners and local authorities who fail to carry out technical inspections and start rehabilitation works on buildings considered to have a high seismic risk. read more...

30.05.2011, ora 11:57 | 1439 vizualizări
City Mall Bucharest To See Fourth Sale Attempt, At EUR23.58M
Bankrupt shopping center City Mall Bucharest will be put up for sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 million. read more...

City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, for a price of at least EUR 26.2 million, considering Casa de Insolvenţă Transilvania, the project's liquidator, sold a document detailing the conditions of contract to an interested investor. read more...

Subscribe to newsletter
News: Yes  No 
Exchange Rates: Yes  No 

Top news last 7 days

Publicitate pe acest site
Copyright 1999-2020 Pandora Impex SRL.