Listed UK commercial property investment company Teesland Advantage Property Income Trust (TAP) said it swung into the red in 2007 with a pre-tax loss of £18.46mln (EUR 23.4mln) compared with a profit of £23.8mln in 2006. The trust said it would could continue to take a defensive stance, with its portfolio positioned to generate higher income and capture gains presented by asset management initiatives.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
