UBM Development confirmed at BUY, TP EUR 37.5 - Challenges ahead, but potential silver lining
Rates and market uncertainty result in difficult environment aheadUnclear when there will be more visibility
Possible silver lining on the horizon as in recent months contruction prices have seen a stabilization
With good liquidity and a solid capitalizsation the company should be well prepared to weahter the crisis
UBM Realitaetsentwicklung is engaged in the the development, utilization and management of real estate. Co.'s projects include: hotels; trade/entertainment; office blocks; logistics/commerce; urban development; residential buildings; revitalization; special projects; and garages/parking.
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