The most visible development of the reporting year with respect to the sector distribution of the property portfolio was the sharp decline in the share of residential space. This sector had grown to comprise up to 50% of the letable space in the IMMOFINANZ portfolio after the acquisition of BUWOG and ESG. By the end of 2006/07 residential properties had declined to 33.7% of total letable space which largely eliminated the temporary overweighting of this sector.

The strongest growth was recorded in the retail sector, where the share of letable space rose by 6.2 percentage points to 17.5% as a result of extensive acquisitions in Central and Eastern Europe. Only slight changes were registered in the share of office space (21.9% after 19.7%) and logistics space (16.1% after 12.9%) during 2006/07.

This shift in the sector distribution is also related to the change in the geographical structure of the portfolio. Since the property portfolio in Central, Eastern and South-eastern Europe has a clearly different sector structure – above all in comparison with the Austria portfolio – the strong growth of IMMOEAST automatically led to an adjustment in the sector weighting of the IMMOFINANZ portfolio.

Sector distribution of letable space in %
As of 30.4.2007