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28 May 2012

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Swiss Allreal could add another CHF700m assets, says CEO

The CEO of Swiss listed real estate group Allreal says its capital is adequate to expand the portfolio by up to another CHF700m, and the Swiss market is proving to be one of the most stable amid the current financial crisis, Bruno Bettoni told PIE in an interview: "We have room for manoeuvre with the current financing structure to add another CHF700m in the short term, and this would be enough for us through the next few years." Bettoni also said lending could go up to as high as 75% from the current 56% without any major problem.

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