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
Czech ECM posts 2008 net loss of e92m, NAV slide
Prague-listed Czech commercial developer and investor ECM Real Estate reported 2008 results "strongly impacted" by the crisis on financial and real estate markets, with NAV down 43% at e149m mainly due to asset devaluations and diluted NAV per share dropping 65% to e20m. It had a net valuation loss of e45m compared with a year-earlier gain of e72m, and swung into a net loss of e92m from a year-earlier net profit of e26m.