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Treasury’s CREO reports 12% portfolio value rise


Treasury Holdings’ AIM-listed subsidiary, China Real Estate Opportunities (CREO), says the value of its property portfolio has climbed 12% in the past six months.


 

In a stock exchange announcement today, the Chinese developer and investor said its portfolio is now valued at £635m as of 31 December, up from £566m at 1 June, 2007, when the company was launched.


 

CREO said the valuation, carried out by CBRE, includes all its properties except for two in Tangdao Bay, Qingdao, which were only recently purchased.


 

The site is the location for the sailing events for the Beijing Olympics this year.


 

CREO’s parent company, Treasury Holdings, is the developer of the Battersea Power Station.

 

 

nathan.cross@rbi.co.uk



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