Interim pre-tax profits at Deutsche Land ,a German commercial real estate specialist, rose to €6.4m (£4.4m) for the six months to July 31, up from €133,000, on gross rental income of €9.8m. Financial Times

Net asset value rose from 68p per share in January to 71p.

The company bought its first property in June 2006.

Since listing on Aim in 2006, Deutsche Land has raised €210m and a €529m portfolio, much invested in food-anchored retail rented by tenants including Lidl and Aldi.

The company aims to have €750m under management within the next three months and is diversifying.

It this year bought a 57,000 sq ft office complex in Mainz and signed a joint venture to explore residential property.