PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Swiss Züblin's first-half operating profit up, but devaluations turn net to loss
The Swiss listed Züblin Group recorded first-half operating profit up 25%, but a 5.2% like-for-like decline in valuations of e65.6m (CHF 100.3m) meant a net loss of e49m (CHF 74.9m). The portfolio in France fell 10.4%. In Germany and the Netherlands, properties were both adjusted down by 3.6%. In Switzerland, property values were unchanged.