PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Sweden's Castellum boosts RE management income, takes portfolio charge
Sweden's listed Castellum reported 18% first half growth in property management income but took a hefty depreciation charge and saw its loan-to-value ratio tick higher to 53%. The income improvement came from lower interest rates and higher rentals and investments. Rental income rose 10.5% but its portfolio charge of e74m cut total assets to e2.63bn.