Vienna-based developer Warimpex Finanz- und Beteiligungs AG saw total revenues, EBITDA and EBIT all rise significantly in spite of the adverse conditions on the international real estate markets and the repercussions of the financial crisis. Nevertheless, net profit tumbled to EUR 2 mln from EUR 11.5 mln a year ago due to lower valuations and higher construction costs.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
