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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
Spain's Realia to reinvest SIIC de Paris proceeds back into French market
Listed Spanish real estate group Realia, one of the country's biggest developers, aims to re-invest the money it will make from a French divestment back into the French market. Now holding around 78% of French REIT SIIC de Paris, the Madrid-based firm must cut its stake below 60% by December to continue to take advantage of tax-free dividends, as per the updated law SIIC 4.