Greek property developer Babis Vovos swung to a pre-tax loss of EUR 172 mln in 2008 from a profit of EUR 12 mln a year following a EUR 83.4 mln depreciation of its investment portfolio. Net Asset Value per share plunged by 26.6 % in 2008 to EUR14.66.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
