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13 February 2012

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France ushers in SIIC 5: extends REIT regime, 60% clause due to crisis

In a major readjustment of France's REIT regime, the government is to enact legislation before year end to, among other things, extend the favourable tax treatment regime for 12 months to end-2011, and delay for a year the original end-December 2008 date for exclusion from the regime of companies that fail to abolish single-investor block holdings 60% and above in equity capital.

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