Troubled German property financier Hypo Real Estate (HRE) has announced a net loss of EUR 750 mln in the second quarter of 2009 compared to a profit of EUR 12 mln in the same period last year. Overall, the bank recorded a net loss of EUR 1.1 bn for the first half of 2009.
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.
