The London and Dublin listed property company, Real Estate Opportunities (REO), has reported an almost 46% increase in net asset values per share to just over 106 pence.
REO, which is 57% owned by John Ronan and Richard Barrett of Treasury Holdings and which bought Battersea power station in London last year, says the value of its Irish properties increased 18% to €1.37 billion last year.
Chairman Ray Horney says prospects for economic growth here are as strong as ever, and this bodes well for continued growth in the Irish property market.
REO today declared a final dividend of 1.5p per ordinary share in respect of the year ended 31 December 2006 payable on 6 July 2007.
