Danish real estate company Sjaelso Gruppen has announced the sale of two retail projects in Sweden, 75% of a residential project in Poland and 50% of a new residential investment company. Sjaelso said it expects profit before tax of DKK 700 mln (EUR 94 mln) for 2007 in light of the 'continued slow activities on the Danish residential market and the pending instability on the international credit markets'. The company forecasts profits before tax of DKK 800 mln in 2008.
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