Vienna-based property company CA Immo saw its losses widen to EUR 35 mln in the first quarter of 2009, from EUR 30 mln a year before, as a result of worsening conditions in the CEE and SEE markets. The company's portfolio lost EUR 52 mln in the first quarter of 2009, consisting of devaluations of EUR 59 mln in the CEE and SEE portfolio and a revaluation of EUR 8 mln in its German assets under development.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
