Diversified Australian property company Valad Property Group booked a A$1.49 bn (EUR 871 mln) loss for the 2008/09 financial year. The company is currently in the process of managing down its UK and European activities.
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.
