División de Patrimonio
English translation: Rental Property Division
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| 15:49 Jun 28, 2007 |
| Spanish to English translations [PRO] Finance (general) / President's Report | |||||||
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|  Selected response from: John Rynne Local time: 03:46 | ||||||
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| 5 +1 | Rental Property Division |
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| 3 | Equity Division |
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Answers
20 mins confidence: 
Equity Division Explanation: A few options for this one really. Good luck -------------------------------------------------- Note added at 23 mins (2007-06-28 16:12:13 GMT) -------------------------------------------------- Couple of examples: http://www.abcmoney.co.uk/news/06200783451.htm "Prudential shuts equity division" Established in 1986, Aberdeen Asset Managers Private Equity is the private equity division of listed investment management company Aberdeen Asset Management PLC. |
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28 mins confidence: peer agreement (net): +1
peer agreement (net): +1Rental Property Division Explanation: I presume we are dealing with a real estate company. They generally have 2 lines of business: a) building stuff for sale (Property Development), and b) owning flats, offices, shopping centres, etc. to rent out (Rental Division). The explains why the Patrimonio division gives recurring revenues, contrasting with the boom and bust cycle that property development goes through (Spain is currently at the top of the wave, and the general opinion is that the property development business can only go downhill for the next few years). |
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