AIM-listed Raven Russia posted a pre-tax loss of $189 mln in 2008, mostly due to the sharp revaluation of its warehousing property portfolio. Net Asset Value (NAV) per share amounted to $1.47 at the end of the year, down by 37% on 2007's level of $2.32.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
