Orco Property Group reported that net losses widened to EUR 45.7 mln in the first quarter, reflecting interest charges of EUR 21.5 mln. and non-cash currency losses of EUR 17.9 mln. In the year-earlier period, the group booked losses of EUR 12.8 mln.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
