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Orco Property 2008 turnover up to € 299,3 million

Luxembourg-based housing developer Orco Property Group said annual turnover rose to € 299,3 million in 2008. The turnover was € 158,5 million vs € 192,8 million in 2007. 764 units have been delivered in 2008 vs 1503 units in 2007.

The group forecasts a minimum annual turnover of € 277 million secured by rents for €110 million, contracted residential development sales for € 118 million, hospitality turnover for € 41 million and management commissions for € 8,5 million.




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