Aareal Bank makes €60m markdown on Moscow offices

By Jane Roberts 2022-05-11T00:00:00

Aareal Bank has made a €60 mln provision against two Moscow office buildings, cutting Q1 2022 operating profit from €90 mln to €30 mln.

You have now reached your article limit

Already have an IPE Real Assets account? Sign in

If you had a PropertyEU account, simply reset your password to get access to IPE Real Assets.

New users can Register for free today for access to the PropertyEU Archive and IPE Real Assets.

Registration also includes access to IPE

Access IPE Real Assets articles
Daily news alerts and updates
Track what the world’s leading institutional investors are doing
Learn about the latest industry research and market analysis
Comprehensive archive of data and intelligence on investors and fund managers, including the PropertyEU Archive