Business
IREIT: Significant revenue and income declines led to a €63.2 million loss, with major refinancing completed
IREIT: Significant revenue and income declines led to a €63.2 million loss, with major refinancing completed
About this update from Ireit Global
Gross revenue and net property income declined sharply year-over-year due to Berlin Campus vacancy and absence of one-off income, resulting in a €63.2 million loss. Portfolio occupancy improved, and major refinancing and funding for Berlin Campus repositioning were secured.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.