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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
