Beni Stabili, the Italian unit of French property group Fonciere des Regions, has reported a 3% increase in operating profit to EUR 45.5 mln in the first quarter of 2009 from EUR 44.2 mln a year earlier. The improvement essentially reflects a reduction in overheads compared with the same period of 2008, the company said on Wednesday.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
