First Sponsor back in black, acquires two hotels in Amsterdam for $60m

First Sponsor back in black, acquires two hotels in Amsterdam for $60m

Visual from the IVG website

Mainboard-listed property group First Sponsor said it had registered a profit of S$10.73 million in the first quarter, 2015, as against a loss of S$9.18 million during the corresponding period last year. The company also announced that it had entered into a deal with German institutional real estate fund – IVG Institutional Funds GmbH – to buy two hotels in Amsterdam, Netherlands.

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