Another Spanish property victim?
Spanish property group Colonial, struggling under huge debts, announced losses of 2.38 billion euros for the first half of 2008 which it blamed on asset depreciation three days ago.
Colonial said in an announcement late Sunday that it had reached an agreement in principle to reschedule its debt of nearly nine billion euros this month.
At the [...]
Posted on September 5th, 2008 by Property sale in Spain
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