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Real Estate Briefing - Categorized | Market Moves, Performance more

Bam warns on worsening Dutch property market

Posted on 05 November 2010

From Dow Jones: Construction company Royal Bam Group said the deteriorating Dutch property market has forced it to take an impairment charge of EUR127 million and it now expects to report just a break-even in net profit for the year.
Bam, which earns roughly 50% of its revenue in the Netherlands, said the Dutch residential market had shown no signs of recovery in recent months and many municipal authorities have put new projects on hold and cut planned capacity……………………………………….Full Article: Source

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