Greek property company Babis Vovos said it has swung to a pre-tax loss of EUR 25 mln in the first nine months of 2009, from a profit of EUR 41 mln in the same period a year before. Earnings dropped to EUR 15 mln in the third quarter as a result of 'adverse market conditions'. The figure compares to a profit of EUR 85 mln in the corresponding period in 2008.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
