CA Immo’s rental income up 19% in H1

CA Immo’s rental income up 19% in H1

Published at: 2019-09-03 10:52 | Author: CIJ Serbia
CA Immo reported €111.4m in rental income during the first six months of the year, up by nearly 19 percent from the previous year. Consolidated net income totaled €103.3m for the six-month period, a 15.3 percent increase y-o-y. The strong performance is partially thanks to new developments and acquisitions. “Our excellent operational start to 2019 follows logically on from a strong period of expansion last year, and we will continue to pursue our strategy of profitable expansion in 2019,” said Andreas Quint, CEO of CA Immo. “The two office projects in Berlin that we plan to complete in the second half of 2019 and transfer to the portfolio were thus 93 percent and 100 percent pre-let respectively by the end of June. This year we are also commencing development of another office high-rise in a prime location in Berlin. Before construction work even starts, this is fully let to KPMG.”

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