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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Austria's cash-infused Atrium, former Meinl, swings to loss in first half
Atrium European Real Estate, the result of Israeli property group Gazit and Citi Property Investors takeover of Meinl European Land, posted a net operating loss of e2.8m in the first half, turning round profit of e105.3m in 1H07. Atrium said the loss was due to a fall in the valuation of the portfolio under international reporting rules, though its balance sheet is strong - at some e1.4bn, bolstered by the recent cash infusion.