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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
Fortress' German housing firm Gagfah sees 2009 fall in FFO after strong sales
Gagfah, the German housing company controlled by US-based private equity group Fortress Investments, reported funds from operations of E190m for 2009, down from E200m in 2008, but after quite strong portfolio sales. "Operationally, profit from leasing was up 2.8% versus 2008 on a base of 5,400 fewer units," commented CEO William Joseph Brennan. (See upcoming PIE editions for full story)