vpg will increase its influence in europer

this is maybe what the market doesn't like.... short-sighted IMO

Valad Property Group will increase its influence in Europe

Accorging to PropertyEU, the Australian based property management company will focus on growing its business in Europe, after the group a full-year loss of A$165 mln (EUR 115 mln) in the year to end-June.

Valad Property Group's real estate investment management business manages EUR 5.6 bn in assets, generating annual fee income of EUR 50.4 mln. Of this, EUR 44.8 mln was derived from Valad Europe. Europe contributed about EUR 45 mln to the total group revenue of EUR 88 mln.

The European business increased funds under management by more than EUR 700 mln in the past 12 months and refinanced over EUR 200 mln of debt facilities on behalf of one of its funds.

Source: PropertyEU