Analyst Research Report Snapshot

Title:

ESTAVIS - BERLIN REGION PROPERTY FOCUS

Price:

$10.00

Provider:

Edison Investment Research

Date:

07 Nov 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

E7SG.DE

Available for Immediate Download
Summary:

The most important regional residential property market for the refocused Estavis group is the Berlin region. Its positioning was significantly boosted by acquisition in September last year in a market that has seen the fastest rental and price growth for 20 years. Management sees further advance and seeks additional acquisition opportunities subject to available finance. FY13 saw a return to profit, albeit with the help of transaction and valuation gains, and management expects further progress from the core business without the costs and distraction of reorganisation.

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