PropertyEU

'Struggling' Immoeast posts EUR 1bn depreciation in nine months

By A staff reporter 2009-03-24T00:00:00

Vienna-based Immoeast has reported depreciations of more than EUR 1 bn for the first three quarters of its 2008/09 business year. The developer of real estate in Central and Eastern Europe (CEE) said that it had continued to struggle with the extremely difficult market environment from 1 November 2008 to ...

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