Dutch listed property company NSI swung into the red in the first half of 2012 with net losses of EUR 45 mln compared to an after-tax profit of EUR 19 mln in the year-earlier period. The direct result was steady despite a lower occupancy level thanks to cost reductions. However, the indirect result fell into negative territory and came to -EUR 78 mln, primarily due to writedowns on the Dutch office portfolio.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
