Monday, December 6, 2010

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Realised gains at the expense of tenants

Realised gains at the expense of tenants and properties acquired even before privatization.

The National Fund for accountants in 2011 will initiate the plan to dispose of part of the housing, allowing the fund to cash in gains between the expected acquisition value and the market. Even with these new revenue, the organization will realize a substantial profit next year. It 'as announced by the CNPR. "The estimated budget for the fund accountants for the year 2011," the president said in a statement Body, Paul Salt, "presented before the statutory provisions for taxes and net a profit of 263 million euro. A possible result mainly due to the strong commitment made by the board of directors of the entity to implement the sale of real estate, selling that part of property that is not performing. " It 'was in fact approved by the assembly of delegates the budget 2011. "What determines the strength of our fund is an investment policy has always been characterized by great prudence and also characterized by a rigid set of financial statements in respect of the prospective returns," says Saltarelli. Built in support of the delegates, will then hand the case over the coming months to disposal plan identifying a number of non-performing properties defined. But what is the composition of the real estate institute welfare? Leafing through the 2009 consolidated financial statements show that "the total market value of properties amounted to € 863 million, of which 523 related to residential and 340 million related to buildings for other purposes." A finish in the top of disposal are likely to be those properties with leases expired and older. We read in the budget, in fact, that "as regards the activities of contract renewal by of the original tenants (which once had contracted under the rent control and / or agreements notwithstanding), this has continued, albeit with many difficulties, due to the resistance of the conductors to accept the new fees. " But there's more. "For those who have not accepted the proposal for renewal has already been launched legal action aimed at the issue of housing units." It should be pointed out that the case is addressed to the Law 9 / 2007 that had blocked the eviction in progress, further extended until 31/12/2010. "The agency" concludes the consolidated balance sheet, "strategically decided not to proceed with new lease units of residential real estate outside of Rome. "

Source: ItaliaOggi

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