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Articles - Rezultate financiare

Papalekas starts cashing out from rents, following real estate investments of hundreds millions Euros

The results of the real estate acquisitions flow of the Greek businessman Ioannis Papalekas in Romania started to show. The operational revenue of Globalworth, its real estate vehicle (the businessman owns 36.1 pct of it), went up to EUR 33.8 million in the end of September, growing with 68 pct. compared to the same period of last year.

AFI Europe’s Net Operating Income of Romanian portfolio up to over EUR 34 mln in 9 months

AFI Europe Romania published its Q3 and first nine months of 2016 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of EUR 12 million in Q3 and more than EUR 34 million during the first 9 months of the year, representing 17 percent for Q3 and 14 percent for 9 months higher results compared to the same periods in 2015.

Israeli real estate developer increases revenues in Romania

Israeli real estate developer AFI Europe recorded a net operating income of EUR 22.2 million in Romania in the first six months of the year, up 13.1% over the same period in 2015.

Properties in Romania brought Immofinanz revenues of EUR 45.1 million

Real estate company Immofinanz, with properties in Romania of EUR 853 million, obtained in the period between 1st of May 2015 – 30th of April 2016, revenues of EUR 45.1 million from renting its assets on the Romanian market, representing 14.3 pct. from the total revenues of the group.

Globalworth ups profit by over a third

Real estate developer Globalworth Real Estate Investments Limited, founded and managed by Greek investor Ioannis Papalekas, increased its net operating profit by 38% in the first three months of this year to EUR 6.5 million, up from EUR 4.7 million recorded in the same period last year.

Papalekas: Globalworth’s portfolio to reach EUR 1.1 billion in 2017

Globalworth, the investment fund controlled by the Greek businessman Ioannis Papalekas, ended 2015 with assets of EUR 931 million and estimates that the four buildings to be delivered in 2016-2017, would raise the portfolio’s value up to EUR 1.1 billion.

Iulian Dascălu registered EUR 67.7 revenues from rents in 2015

Local entrepreneur Iulian Dascălu, on e of the richest Romanians, registered last year a turnover of EUR 67.7 million, 10 pct. higher than in 2014, from renting his five malls and seven office buildings.

Growing financial results for AFI Europe

The financial results of the office buildings AFI Park 1, AFI Park 2 and AFI Park 3 have registered 33 pct increase of the net operational venue in the first quarter. The occupancy rate of the three office buildings is 100 pct.

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