SOURCE: PARQUESOL

July 28, 2006 03:04 ET

Parquesol increases its profit by 8% in its first semester results

Valladolid -- (MARKET WIRE) -- July 28, 2006 -- Meeting the Business Plan for 2006

- The Company boasts a land bank of 757,862 square metres and a property strategic portfolio close to 136,000 square metres.

July 28th 2006, Madrid. Parquesol, the Real Estate company which has been quoted on the Spanish continuous market since last May, with local offices in 8 of Spain's Autonomous Regions, and with an international presence in France, Poland, and Portugal, managed to post a net profit of 26.8 million Euros for its first semester, an increase of 8% over the same period last financial year.

The revenues of the Company amounted to 131.1 million Euros until June, which has allowed it to improve its gross operating profit, or EBITDA, by 6% to reach 49.6 million Euros. 69% of all revenues come from residential development projects, and 8% from recurrent revenues from the property management division.

These results can be explained by the favourable trend of the development business and by greater revenues, both in the sale of lands and in property management.

- Parquesol January-June 2006 Reults full report can be downloaded in the corporate website: www.parquesol.com; (investor relations, Financial information, Interim reports)

NOTE FOR THE EDITOR:

Parquesol, Spanish real estate company with 30 years' of experience and a presence on the international market, has been quoted on the continuous market since last 5th May. An expert in the residential market and in property management, the company has an annual turnover of 274 million Euros in 2005, and has provided its services to more than 15,000 clients in different European countries (Spain, Poland, France, and Portugal). More information may be found at www.parquesol.com

For more information:

Pilar Fernández, Head of Communications

Telephone: +34 91 799 49 90 Fax: +34 91 799 49 97.

e-mail: pilarfernandez@parquesol.es

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