(Read more on the debt and equitymarkets.)
MUNICH-Despite embracing a strategy to pursue non-real estateinvestments going forward, Hypo Real Estate Holding AG is reportinga solid beginning to 2007 for its core business, with annualearnings seen increasing by $40 million thanks to higher revenuesfrom commissions in the first half. Germany's second largestcommercial property lender expects to achieve pre-tax net income of$252 million when mid-year results are finalized next month.
Up from $197 million a year ago, the gains reflect commissionsearned from $13.8 billion of business generated in the first half,more than 60% higher than the business level seen during the sameperiod in 2006.
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