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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
