Real Estate Opportunities, the split capital trust controlled by Treasury Holdings, has reported a total pre-tax return of £31.5m for last year, after a negative return of nearly £105m in 2002.
The net asset value per share rose by 33% to 48.3p. Its Irish property portfolio, which includes the Stillorgan Shopping Centre in Dublin, was worth €506.3m, compared with €454.6m at the end of 2002. New Irish rental income was €7m.
Its UK and offshore properties were valued at £107.5m at the end of 2003. REO has since agreed to sell 19 UK properties for £36m.
