CEE property developer and investor Orco Property Group is seeking to sell a number of projects after reporting losses widened to EUR 259 mln in the first nine months of 2009. In its third-quarter financial statement posted on Friday, the company said it is 'in the process' of disposing of a number of projects across CEE including Stein, a 88,000 m[sup]2[/sup] mixed-use development in Bratislava, Slovakia; Bubenska, a 26,500 m[sup]2[/sup] office and retail scheme in Prague's Holesovice district and the 37,000 m[sup]2[/sup] Cumberland Haus redevelopment in Berlin. The disposals are part of a major restructuring of the company's development portfolio, the company said.
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