The German commercial property lender Hypo Real Estate Group has reported a 25% increase in pre-tax profits. In figures released Wednesday, pre-tax profits for the first three quarters of 2006 were EUR 410 mln, an increase of around 25% over the same period in 2005, where pre-tax profits totalled EUR 327 mln.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
