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13 September 2010

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Property Finance News

French SNCF railway transfers office stock to new unit

The French state railway company SNCF in late 2009 transferred 30% of its office stock into a newly created property unit and said outside shareholders may eventually be invited to invest. The unit, named S2FIT, initially manages 35 SNCF properties worth around E375m. (See upcoming PIE editions for full story)

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