Austrian real estate developer Immofinanz swung back to profit in the financial year ending April 30, from a loss of EUR 3.4 bn the previous year following writedowns on assets and development projects. Full-year pretax profit totalled EUR 208 mln, dented by a writedown in the fourth quarter to April which resulted in a pretax loss of EUR 57.5 mln.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
