PropertyEU

AMB curtails development to strengthen liquidity

By A staff reporter 2008-11-20T00:00:00

AMB, a global developer and owner of industrial property, is trimming its $1.6 bn development pipeline amid the global financial crisis. New York-listed AMB said this week that it will only proceed with fully committed projects or previously negotiated build-to-suit agreements until the financial markets stabilise.

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