PropertyEU

Realia sees loss widen to EUR 54m in 2009

By A staff reporter 2010-03-01T00:00:00

Spanish property company Realia said its net loss increased by 18% to EUR 54 mln in 2009, mostly as a result of hefty writedowns in its property protfolio. Realia, which is controlled by construction group FCC and Spanish lender Caja Madrid, saw the value of its portfolio shed nearly 12% ...

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