ICI REIC reports an increase in rental income and cap gains for 2019
As of 31.12.2019 the Group owned 34 properties.
Intercontinental International REIC announced an increased Rental Income by 4.32% in relation to the previous year of 2018, a per IFRS conformity.
While it made profits of € 0.55million (18.8% in relation to the book value and 38.4% in relation to the purchase price) from the sale of three properties.
As of 31.12.2019 the Group owned 34 properties – mainly retail and office – comprising 43,716 sqm, compared to 36 properties of 45,088 sqm on 31.12.2018, due to the sale of the three aforementioned properties and the purchase of one.