Sparkassen sees property values plunge in CEE

By A staff reporter 2009-11-23T00:00:00

Austrian listed property company Sparkassen Immobilien saw the value of its property portfolio lose some EUR 100 mln in the first nine months of the year as valuations were 'massively' impacted by the international economic and financial crisis. Total writedowns for the period rose to EUR 96.5 mln, from EUR ...

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