O Twelve Estates, the Guernsey-registered closed-ended investment company, has reported a net loss for the six months to end-September 2008 of £16.9 mln (EUR18.7 mln), or 13.77 pence per ordinary share, compared to a loss of £10.6 mln, 8.69 pence, in the same period last year.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
