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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Foncière Paris France loss on debt charges, write-offs; operating improves
Paris commercial property REIT/SIIC Foncière Paris France reported a wider 2009 net loss of E11.3m from E6.6m in 2008 as a result of a 6.1% downward fair value adjustments. Before this adjustment it posted a 1.9% rise in net profit. Founded four years ago by Jean-Paul Dumortier, long-time president of the French listed property association FSIF, FPF invests solely in Paris office and is targeting an eventual portfolio size of E1bn. Current size is E427m. (See upcoming PIE editions for full story)