Nov. 7 (Bloomberg) -- Gagfah SA’s loss before taxes narrowed to 3.8 million euros ($5 million) in the third quarter, from 17.4 million euros a year earlier, the company said in a statement today.
Germany’s largest publicly traded property company posted income from leasing of investment property of 225.4 million euros, 5.1 percent less than a year ago.
Gagfah, controlled by Fortress Investment Group LLC, announced a plan in September to sell about 4,800 apartments valued at 330 million euros to GSW Immobilien AG.
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