Spanish property company Colonial said its operating profit increased by 12% to EUR 65.5 mln in the first quarter of 2009 compared with the year-earlier period partly due to the sale of a number of assets and land. The company posted a net profit of EUR 1.4 mln in the first quarter, which compares to a loss of EUR 272 mln a year before.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
