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13 September 2010

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Property Finance News

Austria's Warimpex 9mth earnings climb 20%; eyes new hotels in Poland

Warimpex, the listed Vienna-based developer of commercial property in CEE, posted growth in nine-month earnings and revenues of 20% and 23% respectively, and said it plans to develop four new hotels in Poland in the framework of its joint venture with Louvre Hotels. EBITDA reached e28.4m, and revenues were up to e70.9m

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