Delek Global Real Estate made a pretax profit of £55m in its maiden interim results, announced this morning.
AIM’s largest property company also posted a net asset value of 230 pence a share for the six months to 30 June 2007.
A month ago Delek Global, alongside, parent company Delek Belron and Igal Ahouvi’s Blenheim Property purchased Jelmoli Holding’s retail led property portfolio for a combined CHF3.4bn (£1.4bn) – Switzerland’s largest ever property deal. DGRE and Delek Belron’s joint share was 50%.
Delek Global has made £834.6m of investments since its flotation IPO in April. The value of its portfolio to June 30, was £1.9bn, up from £1.6bn at the time of its admission to AIM and it has £1.7bn pipeline of investments under construction .