PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Sweden's Hufvudstaden posts loss from writedowns, sees better 2010
A 6% markdown in the property portfolio of Swedish listed firm Hufvudstaden, controlled by the Lundberg group, brought a 2009 net loss of SEK357m (E36.2m), its second annual deficit in a row but 20% narrower than 2008. Operating profit ticked 4.6% higher and the group CFO told PIE that prospects for a profit this year are good, with letting activity picking up now. (See upcoming PIE editions for full story)