Fyffes property spin off, Blackrock International Land, said it now has property assets of almost €340m - an increase of more than 70% when it was set up in May 2006.
In a trading update today the group said its net asset value per share is forecast to rise more than 6% over the €0.355 that applied in May.
The Group's first financial statements will cover the eight months to 31 December 2006.
Since it was set up in May, Blackrock has spent €142m on investment and development properties, bringing its property assets to almost €340m - an increase of more than 70%.
Net debt at the end of the eight months is expected to be €90m.
The Group said it is finalising a number of deals that could increase investment before the end of the year by €35m.
