The leasing units of Immorent in Hungary
and Romania boast strong results for new business in 2007 and
2008.  Immorent Hungary, Hungary’s fourth largest leasing
company, doubled the value of new contracts for year-end 2007 to
HUF 26.3bn (€0.1bn) from HUF 10.5bn (€0.04bn) in 2006, while
Immorent Romania’s turnover surged 87 per cent in 2007 and it
expects it to increase by 52 per cent on the year in 2008.

Immorent Hungary, which is the leasing subsidiary of Hungarian
Erste Bank Hungary and is second place in the Hungarian real estate
leasing market made about 80 per cent of its 2007 business through
public-private partnerships (PPP), mostly at educational
institutions. This figure forecast Immorent as the largest
financing partner of PPPs in higher education in Hungary.
The Hungarian leasing market reached HUF 1,650bn (€6.5bn) in 2007,
with vehicle leasing accounting for 56 per cent of the market,
which is now falling. Real estate leasing grew by 50 per cent in
2007.

Similarly, Immorent Romania, which is the local subsidiary of
Austrian leasing company, Immorent AG and recorded €53m in new
business for 2007, also places emphasis on real estate leasing as
the primary growth engine. The company expects the segment’s
turnover to increase by 65 per cent on the year in 2008, from
€36.7m in 2007. Meanwhile Immorent Romania also targets the
turnover of its equipment leasing segment to increase by 23 per
cent on the year in 2008, from €16.3m in 2007, when it registered
an annual growth of 147 per cent.