BUWOG AG: Results for the first nine months of 2016/17
(World News Austria)

BUWOG AG continued its successful development during the third quarter of the 2016/17 financial year. This trend is confirmed by nine-month results, which were announced by the company today and again underscore the sustainability of its strategic approach. While in the Asset Management business area results were increased by 1.5%, the Property Sales business area recorded a significantly higher net operating income by 41.0%. At the same time activities in the Development business area were intensified. The purchase of new land plots during the reporting period further expanded BUWOG`s development pipeline, which now covers more than 10,500 units with a total investment volume of approx. EUR...