Metrovacesa said on Thursday that its net profit for the fist quarter of 2007 rose to EUR 448 mln, compared with EUR 145 mln a year earlier. Its revenues climbed over 80% to EUR 511 mln from EUR 280 mln. IN late April, the Spanish property giant agreed to acquire the HSBC tower at Canary Wharf in London for a record £1.09 bn (about EUR 1.59 bn) in a sale and leaseback deal.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
