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20 October 2017
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AFI Development's NAV drops by 60% since June

18 March 09 - RE+D Magazine

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DATE BUYER SELLER
19 October 17 Pacific Castle Shopcore
17 October 17 Credit Suisse Asset Management Legal & General capital

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Solum Property Solutions

Consultant - GREECE

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Consultant - GREECE

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

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Antulio Richetta

Director IBI Group

Russian property builder AFI Development has seen its Net Asset Value per share fall by 60% over the past six months to $4.82, from $12.11 at end-June 2008. On Tuesday, the company reported a loss of $107.86 mln in 2008 compared with a profit of $215.6 mln at end-2007. The company's investment portfolio, appraised by Jones Lang LaSalle, is currently valued at $2.47 bn, down by 58% since 30 June 2008 and 53% since 31 December 2007.

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