Treasury Holdings’ AIM-listed subsidiary, China Real Estate Opportunities (CREO) reported a 7.2% increase in net asset value per share to £8.23 in its first set of results since listing last year.
The Chinese investor and developer said the value of its portfolio climbed 11% to £600m during the period from 5 December 2006 to 31 December 2007.
The Group reported pre-tax profits of £60m.
Chairman Ray Horney said: “CREO has made excellent progress since listing on AIM in July 2007.
“The company has secured a market position distinct from the majority of its competitors with its focus on commercial rather than residential real estate.
“In the short to medium term we are well positioned to capitalise on the rental growth in the office and retail sectors which we expect to be driven by
