Catalan property company Renta Corporación Real Estate said that its 2007 figures will not meet expectations after the company was hit by the downturn in the credit markets. The company now expects net profit of EUR 33 mln - EUR 35 mln in 2007, almost half its previous estimate of EUR 62 mln earlier last year.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
