Finnish listed property company Sponda swung to an operating profit of EUR 133 mln in the first nine months of 2010, from a loss of EUR 37 mln in the same period a year before. Total revenue came in at EUR 174 mln, compared to EUR 179 mln in the first nine months of 2009. The slight decline (3%) was largely due to the sale of properties, higher maintenance costs and the rise in vacancy rates early in the year.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
