Austrian listed property company Sparkassen Immobilien saw the value of its property portfolio lose some EUR 100 mln in the first nine months of the year as valuations were 'massively' impacted by the international economic and financial crisis. Total writedowns for the period rose to EUR 96.5 mln, from EUR 1 mln a year before. Sparkassen said that around 98% of the writedowns were attributable to its Central and South Eastern European portfolio.
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