PropertyEU

Cofinimmo sees modest valuations decline

By A staff reporter 2009-02-17T00:00:00

Cofinimmo, the largest real estate investment trust in Belgium, has said its diversified portfolio recorded a drop in fair value of 1.96% in 2008. The valuation decline coupled with changes in the IAS 39 valuation of interest rate hedging instruments led to a net loss of EUR 14.85 mln ...

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