PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
French REIT Affine cuts net loss, current profit near doubled
French REIT/SIIC Affine cut its net loss in 2009 to E2.7m from over E37m in 2008, hit by a further 5% write down of its portfolio - but in an improving operating environment which brought a near doubling of current profit before disposals. The portfolio was valued at E1.1bn at end year, giving net asset value of E29.7 per share after transfer taxes. (See upcoming PIE Editions for full story)