German company Estavis has sold two large real estate portfolios for a total price of EUR 61mln to a Swiss institutional asset management firm and a newly founded UK private fund. The sales will be included in the turnover and net income of the 2008/2009 financial year beginning on July 1. For this reason, the board of Estavis expects that turnover and net income of the year ending June 30, 2008 will undercut last year's figures.
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