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31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Spain's Metrovacesa slashes 2010 losses to E90m
Spain's struggling residential housing group Metrovacesa, which also controls French REIT Gecina, sharply narrowed its group net loss in 2010 to E90m from a massive E880m in 2009. Though rental income fell 17.4% to E145m and it wrote down fair value of investments by E478m, Gecina contributed a positive E264m to the bottom line.