Jermyn Investment Properties, the London and Dublin publicly-quoted property company, has increased its pre-tax profit by 22 per cent to £1.68 million sterling (€2.6 million) in the six months to June 30th 1999. Net property income went up by 35 per cent to £4 million.
CMH, the company jointly owned with Treasury Holdings, has secured planning permission for the 1.71 million sq ft Central Park development in Sandyford, in Dublin. This has been appealed.
Jermyn said the Irish property market continued to perform strongly and produced excellent returns. The interim results show its share in the joint venture operating profit at £1.7 million, up from £1.5 million.
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