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.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
