PropertyEU

Grosvenor unveils £594m pre-tax loss in 2008

By A staff reporter 2009-04-17T00:00:00

Privately-owned Grosvenor Group has swung to a pre-tax loss of £594 mln (EUR 673 mln) in 2008 from a profit of £524 mln in 2007 mostly as a result of 'the impact on Grosvenor's portfolio of the decline in asset values in many of the markets in which it operates.' ...

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