Israeli real estate developer Africa Israel Investments expects to post a 2015 net loss of 1.8-1.9 billion shekels ($461-$487 million) due to a valuation loss on investment properties at its AFI Development unit.
AFI, a Russia-focused real estate and investment firm, estimated on Monday a loss after tax for the fourth quarter, including foreign exchange loss, will be $470 million.
Citing an independent appraiser, AFI said the valuation of its AFIMALL in Moscow fell to $686 million from $990 million while valuations of other assets also declined.
AFI said it expects the gross value of its portfolio of properties to decrease to $1.4 billion at the end of 2015 from $1.97 billion recorded at the end of September.
It noted that the estimates are preliminary and that preparation of the firm's annual results was underway.
"The valuation loss and impairment reflect a decrease in the value of the company's projects due to continuously challenging macroeconomic environment in Russia and respective depressed condition of the real estate market," AFI said, citing a further deterioration in the rouble/dollar exchange rate and oil prices during the fourth quarter.
Read Full Story: Africa Israel sees large 2015 loss on Russia real estate woes
Good post for all of the visitors this is great post to all and have good content here I have some residential property in Mumbai Kanakia Atlantis Powai
ReplyDeleteYour blog is really very interesting information regarding real estate.
ReplyDeleteGreen Grace
Assetz 63 Degree East
SMR vinay iconia
Excellent your post! it is good news for living in India.It is informative and valuable post thanks for this info.
ReplyDeletePrestige High Fields
Arvind Skylands
Vedamsa
Incor One City
SMR Vinay Harmony County
Niharika Hill Ridge
Hi! It’s Amazing to see your blog.This provide us all the necessary information regarding upcoming real estate project which having all the today’s facilities.
ReplyDeleteGodrej Life Plus
Sobha HRC Pristine
Prestige Fontaine Bleau
Mantri Serenity
Sobha Grandeur
Ozone Promenade
Prestige Dolce Vita
Awesom Blog! Very nice posting and good content about properties in India.
ReplyDeleteSobha Dream Acres
Sobha Dream Acers price
Provident Park Square price
Provident Park Square
Godrej Life Plus Eternity
Hello, Interesting, you have shareda blog which is useful and getting a lot of new thing its really nice and making best thing.
ReplyDeletePrestige Boulevard price
ESTEEM SOUTH PARK price
Kolte Patil ITowers Exente price
Salarpuria Sattva Park Cubix price
Habitat Eden Heights price
Legacy Vivienda price
Hii.., It’s Amazing to see your blog.This provide us all the necessary information regarding upcoming real estate project which having all the today’s facilities. For the property details in Bangalore follow the below mentioned links.. Or call 8861951188
ReplyDeleteBrigade Utopia
Brigade Buena Vista
Brigade Woods
Assetz 38 and Banyan
Shapoorji park west
Legacy Eldora
I have visited you blog and I read your blog always share very knowledgeable information. Thanks for sharing Very impressive information! You have done great job right now. I also just want to share Buy 5 bhk luxury flats in Jaipur with world class facilities and features at profitable price.
ReplyDeleteI thought it was going to be some old, but it really compensated for my time. I will publish a link to this page on my blog.
ReplyDeleteVisit architectural and design services
Royal infra blog is perfect for Real Estate tips and informations. I feel happy to read your unique information of Africa Israel sees large 2015 loss on Russia real estate woes. Similarly useful tip and particulars are available at Anabia Associate, Aanbia Associate to find the perfect plots in state life housing society, Bankers town and DHA 9 is right place mark of trust; make your home sweet home.
ReplyDeletePlots for sale in Bankers Town
great blog!
ReplyDeleteMemphis Turnkey Properties
Invest Memphis
This comment has been removed by the author.
ReplyDeleteYour article is enriched with the beneficial information that I require.Thanks a lot and keep sharing. We buy House in any condition no matter how many repair requires. Sell your home in any condition, we buy house in Virginia, USA.
ReplyDeletemegacashforhomes
Nice...I really like your article...I think that you spent more time and effort on your blog...thanks for sharing this good information & i have some information about the Real Estate luxurious projects in Hyderabad, Telangana.
ReplyDeleteThis Project will helpful for those who are looking to buy their Dream Home with low budget..
Thanks for Sharing..!.!
Ambience Courtyard Hyderabad
Aditya Athena Hyderabad
The Botanika
Sumadhura Horizon
Spring Is In The Air
Aditya Athena Hyderabad
Nice Blog..Thanks for sharing this helpful information & i found some information about:
ReplyDeleteSumadhura Horizon Hyderabad
Sumadhura Horizon Kondapur
Nice Blog and Thanks for sharing with us,
ReplyDeletePrestige Tranquil Hyderabad
Prestige Tranquil Kokapet
Thank You!!!
ReplyDeleteThis is a very nice blog for sharing very important information with us! If you want more information about Onlive Server. Onlive Server Provide to you very low-cost UK VPS Services for your online business. Pick now!!!
Dwello is the right place to buy Homes. Buy your new homes with confidence with dwello. Dwello - Right Address is Waiting.
ReplyDelete18 Calista
66 Gulmohar
Aloha Towers
Beverly Hills
Chlorophyll
Downtown
M3M Jewel Gurugram Commercial Project is one of the most inspected commercial projects that have been standing apart as really interesting and is being shipped off by the lofty M3M Properties. Around the private areas of Gurgaon, the venture will be sent off, which will be in the hustle-clatter of the city. One of the best USPs of the approaching venture will be the very rare region, as various retail shops envelop the region, shopping centers.
ReplyDeleteVisit us: https://www.m3mjewel.org/
Explore M3M Jewel MG Road, a premier commercial property that seamlessly blends luxury with functionality. Located in the vibrant core of Gurgaon, this development presents a distinctive opportunity for businesses seeking both high visibility and sophisticated space solutions.. Positioned in the heart of Gurgaon’s commercial hub, it promises significant foot traffic and excellent business prospects. The property is equipped with modern amenities such as high-speed elevators, comprehensive security, and ample parking, ensuring convenience and safety.
ReplyDeleteVisit us: https://www.m3mjewel.org/
A premier business property in Gurgaon, M3M Jewel offers top-notch infrastructure in a prominent location. It is the perfect option for companies wishing to establish a presence in a bustling commercial center due to its sophisticated amenities and modern style. With first-rate retail spaces and superior connectivity,
ReplyDelete