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CTP Rental Growth Record: Financials for the 1st half of 2008

Financial report shows CTP’s rental income figures increase from €20 to €31 million in the first half of 2008. Report expects rental income of €100 million by 2010.

The CTP Group have published the report detailing their fortunes over the last six months. The report confirms CTP’s strong market position with a combined equity of €280 million and the value of all finished and rented properties now reaching €1,200 million – creating a strong base for future expansion. According to the report, rental growth increased from €20 to €31 million in the first half of 2008, in-line with projections to raise €100 million by 2010. The report states that the company’s strong rental income, healthy financial structure and the recent addition of several key building projects have been critical to the firm’s success.

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