Eurocastle Investment Ltd. is a Guernsey-based closed-end investment company listed on Euronext Amsterdam. It invests and manages a portfolio consisting primarily of German commercial real estate assets. The portfolio is comprised of a diversified mix of high quality office and retail properties concentrated in the five major German cities. Eurocastle seeks to deliver a stable and growing dividend and attractive risk-adjusted returns through varying interest rate and credit cycles. At December 31, 2008 the investment property portfolio comprised 576 properties with approximately 2.1 million square meters of lettable space, a total occupancy of 85.8%, a value of EUR 4.2 billion and a weighted average remaining lease term of 5.9 years. The Company is managed by an affiliate of Fortress Investment Group LLC.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Eurocastle Investment Ltd.'s total loss totaled EUR76M, vs. an income of EUR90.9M. Net loss on ordinary activities applicable to ordinary holders increased from EUR115.7M to EUR247.6M. Net asset value per share totaled EUR2.14. Eurocastle Investment Ltd. is a Guernsey-based closed-end investment company which invests and manages a portfolio consisting primarily of German commercial real estate assets.
Company Address
Eurocastle Investment Limited
Regency Court Glategny Esplanade St Peter Port Guernsey GY1 1WW
P: +1212.7986100