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
Bonn's IVG posts deep loss on portfolio markdown, but operations up 14%
Bonn-based IVG Immobilien, Germany's largest listed commercial property group, reported a 2008 net consolidated loss of e452m, turning round a e301m profit in 2007. However the entire shortfall was due to non-cash depreciation of assets, while revenues from the operational business rose by 14.3% to e608.6m, boosting operational EBIT. The figures are preliminary and unaudited; IVG is due to report final results on 25 March.