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    January 25, 2005

    FY2004 results

    FY2004 results

    A turnover of 229 million euros, net profits of 22 million euros, a total of 33 properties acquired and investments amounting to 284 million euros are the impressive figures that sum up FY2004 for the company Renta Corporación, which buys, develops and sells properties and is one of the leading Spanish groups in its field.

    Renta Corporación has a workforce of over 90 people, all young – the average age is 35 – and experts in various areas. Over three quarters of them (77%) are university graduates or diploma holders.

    Presence in 3 countries – Renta Corporación operates in conurbations which offer profitable property investment opportunities. Madrid and Barcelona are Renta Corporación’s primary targets in Spain, although it also has offices in Seville, Malaga and Palma de Mallorca. Outside Spain, Renta Corporación is present in two of the main European capitals: Paris and London.

    Business areas – Renta Corporación’s corporate activity has been gradually evolving over the last 15 years. The company is currently active in three business areas, all boasting shared and/or complementary strategic and operational areas of expertise:

    1. Residential refurbishing, focuses on acquiring residential or mixed-use buildings in order to renovate them and then sell them on.

    2. Office Transformation deals with acquiring large urban buildings – generally offices or those used for industrial purposes – in order to subsequently transform them, either by improving and repositioning them in the market or by changing their primary uses.

    3. Land transformation consists of buying large-scale property complexes in order to create land for building.

    María Cura / Violant Flores. Telf +34 93 217 22 17 vflores@llorenteycuenca.com