German property investor Commerz Real on Thursday reported pre-tax profit of EUR 140 mln for the full year 2007, a jump of more than 40% on comparable year-earlier figures. This figure includes a one-off gain of EUR 25.8 mln from the retransfer of valuation reserves.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
