Belgium’s Befimmo reported a net profit of EUR 12 mln in the third quarter following a limited decline in the fair value of its properties of EUR 8 mln. Despite the improved third-quarter performance, the Brussels-based company booked a net loss of EUR 37.4 mln over the first nine months of the 2008/2009 fiscal year, reflecting the devaluation of the property portfolio by EUR 58.3 mln, or 3.06% of the total value.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
