12.07.2015 Views

annual report grupo security - Banco Security

annual report grupo security - Banco Security

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areas of businessfinancinginvestmentsinsuranceservicesWith over 120,000 m2 sold, in December 2007 it also had eight housing projects for sale whose development andsale is forseen for the period 2007- 2008. These are located in the districts of Vitacura, Providencia, Lo Barnechea andÑuñoa and are noted for their excellent location, studied design and high quality. Together, these represented a totalinvestment of around UF 1,100,000.In addition, four new development projects were begun in 2007 in the districts of Las Condes, Huechuraba andÑuñoa, with an investment of about UF 700,000.Progress was also made in the integration of businesses between Inmobiliaria and other Group companies, particularlythe management of office property developments for the insurance company.Inmobiliaria <strong>Security</strong> produced a net income of Ch$554 million in 2007 and the total assets managed amounted toUF 630,000.

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