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13 February 2012

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Credit shortage, tenant delays to keep Paris office supply low

The absence of new office development in Paris caused by the lack of bank credit is likely to spark a shortage of modern, sustainable space, say officials from one of France's long-established, private property groups. Paul Raingold, English founder of Générale Continentale Investissements, and his daughter Sharon Raingold, MD, have the 64,000 sq.m. Tour Ava ready to start construction in Paris-La Défense. (See upcoming PIE editions for full story)

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