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31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
French REIT Tour Eiffel posts 2009 loss but rents higher
French REIT/SIIC Société de la Tour Eiffel posted a 2009 net loss of E60m as a result of portfolio adjustments that more than offset a rise in operating income. Fair value adjustments and disposals reduced the value of the portfolio by E95.8m to E1.04bn but rents increased 7.2% to E75.7m as occupancy rates increased due to success in leasing new developments. (See PIE 157 for full story)