Listed French commercial real estate company Mercialys reported strong growth in earnings and asset values in its 2007 results. Net asset value increased 28% over 12 months to EUR 25.7 per share against EUR 20.08 per share one year earlier and EUR 23.04 per share at 30 June 2007. Rental revenues were also up 20.9% to EUR 99.5 mln and net earnings up 18.3% to EUR 71.5 mln.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
