Swedish property investor Vasakronan reported full-year 2007 net profit of SEK 4.65 bn (EUR 491.3 mln) on Thursday, up from SEK 3.41 bn (EUR 360.2 mln) a year earlier. The firm said the growth was due to unrealised increases in the value of its property portfolio, improved operating surplus and net financial items.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
