TK Development has said it is maintaining its profit guidance of about DKK 200 mln (EUR 26.8 mln) after tax for the book year 2008-9. The Copenhagen-listed developer had originally forecast an after-tax profit of SEK 300 mln, but in its interim report published last September the company blamed the market deterioration for the need to reduce the expected profit by a third.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
