Befimmo has reported net rental income for the six months to 31 March rose by 28.2% to EUR 48.6 mln. The Belgian property firm said the acquisition of 90% of the shares in peer company Fedimmo, effective 28 December 2006, accounted for EUR 9.6 mln of the increase. Excluding Fedimmo, rental income rose by 2.6%.
Principal Real Estate has acquired a stake in the Rome Cavour Hotel through a Separate Account Mandate.
