Orco Property Group reported a net loss of EUR 250.6 mln in 2009 on revenues down 16% at EUR 251 mln. The decline reflected a 12% writedown of the real estate portfolio by EUR 232 mln to EUR 1.81 bn. Over the past two years, Orco has seen its portfolio decrease in value by more than 30%.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
