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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
IVG narrows loss; operations, liquidity stabilising
Bonn-based listed property group IVG, Germany's largest, posted a much narrower consolidated net loss of e2.2m in third quarter 2009 from a loss of e54.5m in 2Q09, but said operations are now stable and liquidity is assured following restructuring of debt, and completed asset sales. "IVG is now entering a phase of improvement in its operating performance and the active, selective exploitation of market opportunities as planned," said CEO Gerhard Niesslein. (See upcoming PFE/PIE issues for full story)