Listed German property company Deutsche REIT, formed last year as a strategic realignment of the operations of Dolerit-Basalt, has announced turnover figures of EUR 33.2 mln for the first half of this year, no less than EUR 32.7 mln up on the same period last year. The company is now focused on the initiation of Real estate investment trusts in Germany, and is growing ahead of schedule in all areas of its operations. It acquired many residential and commercial properties in the first half of 2007. Following the sale of its first commercial portfolio earlier this month, Deutsche REIT said it believed it had already achieved its profit forecast for this year of a minimum of EUR 11-12 mln before taxes.
Listed German property company Deutsche REIT, formed last year as a strategic realignment of the operations of Dolerit-Basalt, has announced turnover figures of EUR 33.2 mln for the first half of this year, no less than EUR 32.7 mln up on the same period last year. The company is now focused on the initiation of Real estate investment trusts in Germany, and is growing ahead of schedule in all areas of its operations. It acquired many residential and commercial properties in the first half of 2007. Following the sale of its first commercial portfolio earlier this month, Deutsche REIT said it believed it had already achieved its profit forecast for this year of a minimum of EUR 11-12 mln before taxes.
