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
Zurich's PSP Swiss Property raises EBITDA forecast after higher first half net income
Swiss real estate groups have weathered the financial storm better than elsewhere in Europe, mainly due to Switzerland's traditional flight-to-safety market profile, also demonstrated at times of crisis in its currency and industrial equities. Listed PSP Swiss Property is no exception. In first half 2009 it boosted net income, excluding changes in fair value, by 13.2% to CHF68.4m (e45m). Net asset value rose, and it raised the full year EBITDA forecast.