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Property Investor Europe News

German Aareal posts record 2011 operating, sees subdued 2012

21 February 2012, 11:32 PM

German property financier Aareal Bank reported a 38% rise in 2011 consolidated operating profit to ¤185m, reaching the best result in company history. CEO Wolf Schumacher said the bank expects less new business this year, and a slightly lower profit.