Metrovacesa, Spain's largest property company by market value, saw its net loss widen to EUR 788 mln in the first nine months of the year, mostly as a result of heavy devaluations of its property portfolio. The figure compares to a loss of EUR 41.5 mln in the same period a year before. In a statement last week, the Madrid-based property company said its portfolio has shed 9.2% of its value since December 2008, dropping to some EUR 9.17 bn at end-September 2009.
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