Australia's GPT Group reported a loss of A$1.2 bn (EUR 701 mln) in the first half, reflecting the write-down of its European joint venture with Babcock & Brown for A$1.09 bn. This compares with a A$67.7 mln loss a year earlier. Operating profit declined 22% to A$183 mln, the company said.
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.
