PropertyEU

Habitat on the verge of collapse

By A staff reporter 2008-09-22T00:00:00

Spanish debt-loaded property company Habitat admitted in a note to its creditor banks this week that it won't be able to meet debt payments due by the end of 2008, Spanish paper El Pais reported on Friday. The company, whose acquisition of Ferrovial's real estate division in 2007 was fuelled ...

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