PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Germany's IVG turns in first quarterly profit since 2Q08
Further writedowns on Bonn-based listed IVG's standard real estate portfolio in first quarter were well offset by upward valuations in its caverns segment and solid lettings so that the group reported a positive consolidated net profit, of E10.2m, for the first time since 2Q08. Operating earnings, EBIT, rose to E72m from E55m in 1Q09. (See upcoming PIE Editions for full story)