ING Real Estate booked a pre-tax loss of EUR 192 mln in 2008 due to substantial writedowns of its direct real estate investments and holdings in listed and unlisted funds. In 2007, ING RE booked a pre-tax profit of EUR 723 mln.
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.
