CEE developer Plaza Centers saw its profits drop by 70% in 2008 from EUR 227 mln in 2007 to EUR 68 mln in 2008. Net Asset Value was down by 35% to EUR 0.7 bn at end-2008 from EUR 1.06 bn in 2007. The company said that its board has taken the 'prudent' decision not to propose a dividend for 2008 in order to preserve the capital liquidity within the group.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
