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14 February 2012
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22 February 2012
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03-04 May 2012
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Patrizia cuts net loss, generates positive operating profit
Augsburg-based residential developer and manager Patrizia Immobilien posted a much narrow group net loss of E9.5m for 2009, and said it met its forecast, generating positive, adjusted operating profit of E2.4m. CEO Wolfgang Egger said the group invested in its portfolio last year and expanded its fund business, taking third party investment volume up to E1.3bn. Patrizia is cautiously optimistic for the current year. (See upcoming PIE Editions for full story)