Orco Property Group said the value of its real estate portfolio stood at EUR 1.83 bn at end-June, down 12% on the EUR 2.13 bn value at end-December 2008 due to difficult economic conditions and a 'conservative valuation of projects put on hold'. Net asset value came to EUR 15 per share, down from EUR 42.5 mln at end-December.
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.
