Norwegian listed property company Scandinavian Property Development (SPDE) said on Wednesday it is postponing the start in construction work on the Storøya section of the Fornebu development near Oslo due to uncertain market conditions for new residential property. SPDE will reconsider the issue in early 2009, when it will decide on a possible construction start in the summer of 2009.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
